Solana Crash: SOL Falls Below $100. Is $80 Next?

Solana has fallen below $100 and keeps sliding after the suspected Binance hack. On Thursday night SOL dropped from $98.94 at 20:15 UTC to $95.64 at 21:05 UTC, down 3.3% within an hour and more than Bitcoin. Over 24 hours Solana is down 5.3% according to CoinMarketCap. Yet Solana has nothing to do with the incident technically: the attacker took Ether, USDT and USDC. Why SOL falls anyway, why it was already weak before and which levels matter now. What happened at Binance is in our crypto crash timeline, the wallet details in our Binance hack report.