Solana
Why Solana is down 1.3% in the last hour
Analysis
Solana (SOL) dipped 1.3% over the past hour as traders reacted to discussion around a large pool of staked SOL potentially being unlocked into DeFi, which can be interpreted as increasing near-term circulating liquidity. AMBCrypto highlighted that roughly $30B in staked SOL could unlock new DeFi liquidity, a narrative that can weigh on price in the short run if markets anticipate more supply becoming available.
Contributing Factors (1)
Solana: How $30B in staked SOL unlocks new DeFi liquidity
Solana unlocks staked liquidity as whales position near the critical $80 demand zone.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.