The Solana blockchain has successfully withstood one of the most significant distributed denial-of-service (DDoS) attacks in the history of the technology, an event that proceeded largely unnoticed by its user base. For over a week, the network has been processing transactions within milliseconds despite being targeted by a barrage of traffic reaching up to 6 terabits per second. This technical fortitude unfolds as a new exchange-traded product (ETP) for Solana launches in Brazil, even as the SOL token price continues to trade within a narrow band around $128.
Strategic Brazilian ETP Launch Coincides with Attack
In a strategic move for regional adoption, asset manager Valour, a subsidiary of DeFi Technologies, listed its Solana ETP (VSOL) on Brazil’s B3 exchange on December 17, 2025. This launch marks the first time institutional investors in Latin America’s largest economy can gain regulated, real-denominated exposure to SOL. Valour’s Brazilian product suite already includes offerings for Bitcoin, Ethereum, XRP, and Sui.
The timing aligns with Brazil’s position as the world’s fifth-ranked nation for cryptocurrency adoption, according to data from Chainalysis. The country’s central bank has acknowledged the widespread use of stablecoins for cross-border payments, while local platforms like Mercado Bitcoin are increasingly focusing on the tokenization of real-world assets.
Unprecedented Network Stability Under Fire
The scale of the recent DDoS assault places it among the top four such attacks ever recorded against a distributed system, surpassed only by incidents targeting Google Cloud in 2022 and Cloudflare customers in 2023 and 2024. Crucially, Solana’s network performance remained unimpaired: transaction confirmations occurred without delay, slot latency held steady, and validators continued to produce blocks normally.
Mert Mumtaz, CEO of infrastructure provider Helius, highlighted the significance, noting that the fact users experienced virtually no disruption speaks volumes about Solana’s technical foundation. This resilience is particularly notable given the network’s well-documented history of outages in its earlier years, a phase that now appears conclusively in the past.
Price Action and Technical Analysis
SOL is currently trading near $128, having moved within a constricted $120 to $130 range for several weeks. Trading volume has recently increased by approximately 40%, and chart analysts have identified a bullish Golden Cross momentum signal on the daily timeframe.
Should investors sell immediately? Or is it worth buying Solana?
However, a broader perspective reveals a more cautious picture. On a weekly basis, SOL continues to trade below its 200-week Exponential Moving Average (EMA), a level historically used to distinguish between bull and bear market phases. The $120 to $118 zone is viewed as the last major weekly support level. A breach below this area could see the next significant demand zone emerge between $89 and $101.
Key Technical Levels:
* Immediate Resistance: $129–$132
* Medium-Term Resistance: $145–$146
* Primary Support: $120–$118
* Next Downside Target: $112–$108
Ecosystem Growth Amid Shifting Sentiment
For the second consecutive period, Solana retains its status as the most popular blockchain ecosystem based on narrative interest. Data from CoinGecko indicates that 26.79% of global interest in chain-specific narratives is focused on SOL. This figure, however, represents a decline of 12 percentage points from 2024, when Solana commanded 38.79% of the interest.
Within its ecosystem, lending platforms now manage $3.6 billion in value, a 33% increase year-over-year. The chain’s technical merits—including 400-millisecond transaction finality, average fees of $0.001, and over 1.5 years without a network outage—continue to attract DeFi developers. On social media, Solana leads with 58,800 posts and 14.7 million interactions within a 24-hour period.
The critical question for SOL’s price trajectory will likely be answered at the $120 support level. A sustained break below it could trigger selling pressure toward $112. Conversely, a decisive move above $145 would neutralize the current bearish structure. While the network has proven its stability under extreme conditions, whether this resilience will translate into higher prices will become clearer in the coming weeks.
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