Solana Developers Fix Critical Bug; SOL Price Sees 20% Monthly Gain
Developers at the Solana Foundation have resolved a critical vulnerability that could have allowed attackers to mint and withdraw certain tokens. Despite recent consolidation under $150, the price of SOL has gained 20% over the past month, with analysts targeting prices above $200.
Critical Vulnerability Fixed
- The Solana Foundation identified a vulnerability on April 16 that posed a risk to Token-22 confidential tokens.
- Issue stemmed from missing components in the ZK ElGamal proof system for private balance verification.
- No exploits were reported; patches were deployed quickly, with validators updating their software within two days.
- The flaw affected Token-2022 and ZK ElGamal Proof, raising concerns about centralization after private communication with validators.
SOL Price Potential
- SOL has recovered 20% from a low of $120 and is positioning to break the $150 resistance level.
- Analyst CryptoBullet projects potential targets between $190 and $230.
- Solana has outperformed Ethereum and Cardano in revenue generation during Q1 2025.
- Pump.fun has generated $294 million in fees this year, exceeding Ethereum's $249 million, and has maintained higher weekly fee capture than Ethereum for nine weeks.