Step Finance Attacker Resurfaces, Employs Money Laundering Tactics
- Funds Movement: The wallet linked to the Step Finance attack has become active again after approximately five months of inactivity, with the attacker selling 261,933 SOL for about $21.4 million, indicating ongoing operations with the stolen funds.
- Money Laundering Tactics: The attacker bridged these funds to the Ethereum network, purchasing 12,128 ETH and depositing them into the privacy protocol Tornado Cash, a classic money laundering tactic aimed at obscuring the origins of the stolen assets.
- Market Reaction: Despite the $21.4 million selling pressure, the market absorbed this impact, eliminating potential sell-off risks for Solana investors, demonstrating the market's resilience in the face of such events.
- Historical Context: In January 2026, Step Finance suffered a severe security breach when hackers accessed the platform's treasury and fee wallets, withdrawing approximately 261,854 SOL, initially valued between $27 million and $30 million, causing the STEP token's value to plummet by over 80%.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 58.107 | 64.229 | 71.737 | 77.859 | 85.367 | 91.489 | 98.997 |
| Fibonacci | 64.229 | 69.435 | 72.652 | 77.859 | 83.065 | 86.282 | 91.489 |
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