Solana MEV Bot: King Drained of $786K

Onchain Lens flagged the drain of King, one of Solana's oldest MEV arbitrage bots holding $7.2M lifetime PnL, with attackers taking roughly $786K in mixed assets: 4.26K WSOL, 191 SOL and $366K stablecoins.

Addresses tied to the incident include drainer BHRayETPjvgg3BCr9H82V1D6NRwxu5v44JAaVuaod3jU, forwarder Ddmy5oM8xtTs1EBC6eF2SZwQfBreewQpFgtUDm51Hkqj and victim 7dGrdJRYtsNR8UYxZ3TnifXGjGc9eRYLq9sELwYpuuUu.

SOL trades at $92.22 inside a bearish structure defined by EMA50 at $97.85 and EMA200 at $104.91, with MACD death cross at -1.42 confirming downside momentum while RSI at 31.22 leaves room before oversold territory; price now tests the lower Bollinger band support near $92.95, suggesting any bounce attempt will first confront resistance at the $97.21 upper band before challenging the EMA50 level.