Solana Price Bounces Despite Upbit Hack

Despite a significant hack that stole over $38 million in tokens from South Korea’s leading crypto exchange, Upbit, Solana’s price has surged. The SOL token is currently trading at $143.19 after a 3% increase in the past 24 hours, accompanied by a 16% surge in daily trading volume to $5.35 billion. This growth follows reports of an exploit targeting Upbit, which temporarily halted deposits and withdrawals. The exchange is working with on-chain investigators to trace stolen tokens and plans to compensate affected users.