POPA ReconTL;DR:
TL;DR: The $200M–$270M Drift Protocol hack on Solana is causing a severe loss of confidence in Solana DeFi, triggering a sharp DRIFT token crash (down ~30–34%), mass withdrawals, and deleveraging across protocols—likely leading to further price drops and TVL outflows from related projects and potentially a 10%+ reduction in Solana’s DeFi TVL. Expect broad contagion risk in the near term for Solana ecosystem protocols and assets. ────────── The Drift Protocol exploit is one of the largest DeFi hacks of 2026, with on-chain data suggesting $200M–$270M was drained, mostly converted to USDC and b…
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