Solana
Why Solana is down 1.3% in the last hour
Analysis
Solana (SOL) slipped 1.3% over the past hour as broader crypto ETP markets remained under pressure, with CoinJournal noting a continued 4-week streak of outflows even though SOL-related products still saw some inflows—suggesting risk sentiment may be weighing on prices near-term. Separately, U.Today reported Tron overtook Solana in weekly Layer-1 transaction fees, a comparative network-activity headline that may have added to the soft tone.
Contributing Factors (3)
Solana, XRP attract inflows despite 4-week crypto ETP outflows streak
Digital asset investment products saw outflows of over $173 million last week. Bitcoin and Ethereum recorded the most outflows amid broader price weakness. Solana and XRP maintained their inflow momen...
Solana lands PayPal, Cardano gets USDCx – But why are SOL and ADA flat?
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Tron Flips Solana in Weekly Layer-1 Transaction Fees
Tron is now the largest layer-1 chain in terms of transaction fee revenue.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.