DeFi funds outflow impacts Solana, hits USDC markets amid liquidity crunch

The DeFi funds outflow triggered by the KelpDAO hack has reached Solana, hitting its USDC markets. Solana reaching $150 in April currently sits at 0% YES, with no actual USDC volume traded.

The hack’s ripple effect has driven 100% utilization in Solana’s Kamino protocols, squeezing liquidity and causing deposit APY spikes. The Solana April 2026 market is especially affected, with 0.4% YES odds for Solana reaching $150 in April 13-19. No actual USDC trading has occurred, which means there is limited conviction behind these odds.

For April 16, the market prices Solana above $100 at 100% YES. Given the current liquidity crunch, that confidence may be misplaced. Zero actual volume makes the market fragile, particularly if liquidity issues persist.

The liquidity constraints and negative sentiment could stall Solana’s price momentum. A YES share at 0.4¢ pays $1 if Solana reaches $150 by April 13-19, a 250x return that prices in deep skepticism. For this bet to work, you’d need significant positive catalysts in the next 12 days.

Watch for announcements from Solana Foundation or major exchanges that could inject liquidity. High utilization rates mean any easing of liquidity constraints would move markets.