Solana (SOL)

Having @bw_solana leading @anza_xyz is very bullish for the pace of Solana development

The Drift hack wasn’t a code exploit. It was social engineering using Solana’s durable nonces. Quick explainer on durable nonces ↓ Normally, Solana transactions include a recent blockhash that expires in ~90 seconds. Miss the window and the signed transaction dies. Durable nonces remove that expiry. Instead of a blockhash that dies in 90 seconds, you substitute a stored nonce value from a special on chain account. That nonce doesn't expire until someone manually advances it or submits the transaction. A signed transaction using a durable nonce can sit in someone's pocket for days, weeks, months. Still valid. Still executable. The signer has no visibility into when or whether it gets used. This exists for good reasons: multisig wallets where signers are in different time zones, cold storage setups, custodial services that need offline signing. But it fundamentally changes the threat model. How it was weaponized: - Mar 23: Attacker created four nonce accounts (two tied to Drift security council members). - Mar 23–30: Collected 2/5 multisig signatures on “routine” transactions. - Those signatures didn’t expire, they sat usable for days. - Apr 1: Attacker submitted two pre-signed transactions four slots apart: admin takeover, limits removed, vaults drained. ~$280M gone. Without durable nonces, the attacker would’ve had to trick signers and execute inside a 90-second window. Nonces stretched that window to over a week, letting them gather signatures slowly. No seed phrases leaked. Audits passed. The failure was a 2/5 multisig with no timelock plus a transaction format that separates signing from execution.

180+ people joined our solana event. What started as a simple idea to connect a few people flying through Bangkok... ended up becoming Thailand's first and biggest solana meetup. Everyone was asking: "when is the next one?" people want a room where they belong. A room full of builders, founders, investors, and community members who didn't know each other two hours ago... exchanging stories, connections, and energy like old friends. that's what community is. Thanks partners and sponsors and my co hosts @themoe and @withmewtwo Also; thailand we're just getting started

$SOL is doing exactly what I predicted. https://t.co/MqzxVknahZ

Day 392 of posting the Solana logo until it hits $300 https://t.co/kyNX4gQoYZ

SOL is sitting at $79.9 and there's $500M worth of shorts stacked right above it. Every one of those bars is a leveraged trader betting SOL goes down. The next couple of days are going to be interesting. https://t.co/GCByEuysID

sol h1 moved my stop into profit above that big sell off. now just waiting for the floor to fall through probably going to go sideways over the weekend https://t.co/nvBJjIAgWW

Wolfswap is a culture; everything else is speculation, trials, failures, and successes celebrated together

These takes are all wrong. We’re heading toward a future where AI will cause billions of people to lose jobs and a sense of purpose. NFTs through their ability to drive social and capital formation—creating meaning and community—will become one of the most fundamentally important forces in humanity. Solana will have more unique NFT holders than all chains combined