1.4M SOL ($110M) Sent to Exchanges After Drift Exploit, Sparks Sell Pressure as Support Tests $66–$78

On-chain monitoring shows roughly 1.40 million Solana (SOL) tokens—about $110 million—were transferred to exchanges over a 72‑hour period following a Drift Protocol exploit that prompted approximately $500 million in outflows from Solana-based DeFi applications ^[1].

News outlets report that those inflows have coincided with market weakness: one source notes a 4‑hour ‘death cross’ and SOL testing a $135 support level, while other analysts and reports identify selling pressure around $75–$78 or support near $66–$70, reflecting differing near‑term technical assessments ^{[1] [2] [3]}.

Market commentary also highlights renewed capital flows into altcoins and growing attention on Solana as part of that broader rotation, though coverage presents mixed views on immediate price direction ^[4].

Recent large exchange inflows and DeFi outflows have been linked to increased sell pressure in reporting, with outlets citing divergent short‑term support levels—market participants should monitor exchange balances and official incident disclosures for confirmation ^{[1] [3]}.