Solana analysis: SOL price unlikely to break $150 for now

Upbit, South Korea's largest cryptocurrency exchange, reported a significant loss of approximately $36 million after a security breach involving its Solana hot wallet on November 27, 2025. The exchange has since suspended all deposits and withdrawals while investigating the incident and has pledged to cover customer losses.

Solana (SOL) has demonstrated resilience by maintaining its position above the critical $140 support level, despite a recent $37 million hack on South Korea's Upbit exchange, which has raised concerns in the cryptocurrency market. The exchange has suspended deposits and withdrawals following the breach, which affected its Solana wallet.

Bitcoin and Ether have seen a rise in their values as Solana experiences significant outflows from its exchange-traded funds (ETFs), with a notable $34 million exit from the 21Shares Solana ETF. This shift indicates a changing landscape in investor preferences within the cryptocurrency market.

Jupiter has launched a new Refinance feature aimed at facilitating seamless token migration for borrowing and lending positions on the Solana blockchain, offering users better rates and secure transfers. This initiative is part of Jupiter's ongoing efforts to enhance its services within the decentralized finance (DeFi) ecosystem.

The BONK memecoin has made its debut as an exchange-traded product (ETP) on Switzerland's SIX exchange, marking a significant entry into one of Europe's largest stock markets. This launch occurs amidst a broader decline in memecoin valuations in 2025, highlighting the volatility of the cryptocurrency market.

A malicious Chrome extension named Crypto Copilot has been identified, allowing users to trade Solana directly from X while secretly skimming a portion of each transaction. This raises significant concerns regarding user security and trust in cryptocurrency trading tools.

The 21Shares Solana ETF (TSOL) has experienced a significant outflow of over $34 million in a single day, marking the end of a previously successful run for Solana ETFs. This reversal comes amid a broader trend of shifting investor sentiment in the cryptocurrency market.

DWF Labs has launched a $75 million fund aimed at accelerating the development of decentralized finance (DeFi) infrastructure, targeting next-generation projects across various blockchain platforms including Ethereum, BNB Chain, and Solana. This initiative reflects a growing commitment to enhancing the DeFi ecosystem and supporting innovative financial solutions.