Solana
Why Solana is up 1.1% in the last hour
Analysis
Solana (SOL) rose about 1.1% over the past hour as traders reacted to ETF-related positioning news. CoinGape reported that Grayscale executives and its parent firm trimmed holdings in XRP, Solana, and Chainlink ETFs, drawing attention to institutional flow dynamics around SOL-linked products and potentially prompting short-term repricing.
Contributing Factors (1)
Grayscale Executives, Parent Firm Trim Holdings in XRP, Solana, & Chainlink ETFs
Executives from crypto asset management company Grayscale and its parent Digital Currency Group (DCG) and related investment firm have sold shares in XRP, Solana, and Chainlink ETFs. The selloffs occu...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.