Solana
Why Solana is down 1.5% today
Analysis
Solana (SOL) slipped about 1.5% over the past 24 hours as broader crypto ETP sentiment remained weak, even though Solana-specific products still saw some inflows. CoinJournal reported a four-week streak of overall crypto ETP outflows, which can weigh on majors like SOL despite pockets of demand.
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...
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Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.