Solana News: SOL Price Faces Bearish Pressure Despite Recent Rally, Future Target Unclear

Solana’s (SOL) price has seen a bullish start to the second quarter, surpassing $125. However, despite the momentum of SOL-based tokens, the native token’s value remains unaffected, hinting at a potential shift in market focus. Speculations about a bearish influence on SOL’s price have emerged, raising concerns about a potential fallback to $100. Here’s what you need to know.

Will Solana Ever Reach $150 as Bearish Clouds Hover Over SOL Price Rally? Here’s What You Need to Know!

The start of the second quarter is bullish for the Solana (SOL) price as it surpasses $125 after a tight consolidation. However, despite SOL-based tokens gaining momentum, the native token’s value remains unaffected, possibly suggesting a shift in market focus. SOL price is speculated to be under bearish influence with a high risk of falling back to $100 due to the formation of a bearish flag in the daily chart.

Next Big Crypto: Solaxy Raises $28.5M For Solana Layer-2 Expansion

New crypto project Solaxy (SOLX) has attracted significant attention as the first Layer-2 scaling solution for the Solana blockchain. The project has secured $28.7 million during its presale, positioning it among Solana’s most successful ICOs. SOLX is currently priced at 0.00168 and is expected to undergo a price adjustment within the next 6 hours. Market analysts project a potential 100x price increase, which could surpass the performance of established cryptocurrencies like Bitcoin, Ethereum, XRP, and Solana. SOLX aims to address Solana’s scalability challenges.

North Korean IT Workers Infiltrated European Solana-Based Projects

North Korean cyber operatives have expanded their reach to target blockchain startups in the EU and UK, posing as remote developers. Google’s Threat Intelligence Group (GTIG) revealed that IT workers linked to the Democratic People’s Republic of Korea (DPRK) have scaled up operations outside the U.S., embedding themselves in crypto projects across the UK, Germany, Portugal, and Serbia. These operatives leave a trail of compromised data and extortion attempts, posing a significant risk of espionage, data theft, and disruption to organizations.

Google Warns Solana Projects of North Korean Cyber Threat Targeting Europe

Google Cloud has issued a warning that North Korean “IT workers” are increasingly targeting blockchain projects in Europe, with a specific focus on those built on the Solana network. These operatives pose as legitimate remote workers to infiltrate companies, take over critical systems, and steal sensitive data, likely to generate revenue for the regime. The report reveals that one such worker juggled 12 fake personas across the U.S. and Europe and sought employment by fabricating references. The increased threat in Europe represents a shift from a U.S.-heavy focus, as DPRK-linked entities have faced heat from DOJ indictments and tighter hiring scrutiny in the U.S.