Solana network is absorbing a distributed denial of service attack (DDoS) that has reached approximately 6 terabytes per second, yet the blockchain remains operational while SOL price tests critical support at $126. The assault marks one of the largest recorded DDoS attempts against a major cryptocurrency network, though validators have maintained transaction processing without confirmed outages.
What Happened: Network Under Attack
Solana's infrastructure is weathering a DDoS attack that FXStreet reports has generated roughly 6 Tbps of traffic and billions of packets per second. The network has continued processing transactions despite the volume, contrasting with congestion issues that plagued the chain in earlier cycles.
Price action tells a different story than network performance. SOL closed three consecutive red days and traded near $126 on Tuesday with approximately 1% daily losses.
CoinGlass derivatives data shows futures open interest dropped about 3.6% in 24 hours to roughly $7.04 billion. Funding rates flipped negative to around -0.0078%, indicating short sellers are paying to maintain positions.
Technical indicators point toward further downside pressure. The daily Relative Strength Index sits near 37 and continues falling toward oversold territory, while the MACD approaches a bearish crossover with red histogram bars building below zero.
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Why It Matters: Resilience Test
The attack functions as a stress test for a network that AInvest reports has processed up to 93.5 million daily transactions and handled bursts of roughly 500,000 transactions per second in 2025.
Solana has operated without outages for over 18 months, according to a mid-year ecosystem report from QuickNode.
The network's ability to maintain operations under assault supports its positioning against competitors like BNB Chain, Avalanche and Near.
CryptoNewsRadar data shows Solana's DeFi total value locked surpassed $11.5 billion in Q3 2025, driven by platforms including Kamino and Jupiter.
The $126 level has caught several pullbacks since November and aligns with local support from late June. A confirmed daily close below this zone could open a path toward $107, then the psychological $100 level, according to FXStreet's technical analysis. Accelerated selling could push prices toward the S2 pivot support near $80.
Risk extends beyond immediate price action.
Leveraged long positions face liquidation if $126 fails, potentially amplifying downside moves as bears already pay negative funding to maintain shorts. AInvest data showing over 22 million active addresses recently, combined with ETF demand and DeFi growth, could attract buyers if prices revisit $100 or below.
The gap between network performance and price action highlights how derivatives positioning and macro liquidity can drive cryptocurrency valuations independent of infrastructure stability.
Repeated attack narratives may deter retail participation even if validators continue processing transactions without interruption.
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