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The broader altcoin market also showed signs of rebounding from oversold levels, one analyst noted.

Solana and its ecosystem tokens look attractive compared to other altcoins and is a "clear option if looking for longs" after the market turmoil, a K33 Research analyst said.

Solana was the best-performing asset in the CoinDesk 20 Index through the week, advancing 11%, while BTC and ETH declined.

The bank's analysts remained bullish on bitcoin and crypto in general no matter who wins the presidency in November.

The fourth largest crypto could potentially reach its 2021 record highs in the coming days given its relative strength through crypto's eight-month long consolidation phase, one analyst noted.

An incoming crypto-friendly Trump administration could make allowing crypto ETFs in the U.S. easier, traders say, boosting SOL’s prices.

The CoinDesk 20, a liquid index of the top twenty cryptocurrencies, rose 4% in the past 24 hours.

The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.

The exploiter may not be making any money from the attack.