ShareStep Finance Shuts Down Solana Platforms After $40 Million Hack
- Shutdown Announcement: ShareStep Finance has announced the immediate shutdown of its core platform along with SolanaFloor and Remora Markets due to a January hack that drained up to $40 million, severely undermining the company's financial stability.
- Details of the Hack: On January 31, 2026, attackers exploited vulnerabilities in devices used by Step Finance's executive team, gaining access to treasury and fee wallets, resulting in the transfer of approximately 261,854 SOL, initially valued between $27 million and $30 million.
- Market Confidence Collapse: The incident triggered a collapse in the value of the STEP token by over 97%, erasing much of its market value and complicating future fundraising efforts, highlighting vulnerabilities in cryptocurrency companies' private key management and device security.
- Remedial Actions and User Support: Although the team managed to recover about $4.7 million through partnerships and Solana's Token22 protections, this amount fell short of restoring operational stability, prompting Step Finance to work on a buyback program for STEP holders to mitigate the impact of the shutdown.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 59.065 | 67.348 | 75.535 | 83.818 | 92.005 | 100.288 | 108.475 |
| Fibonacci | 67.348 | 73.639 | 77.526 | 83.818 | 90.109 | 93.996 | 100.288 |
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