Solana
Why Solana is up 1.7% today
Analysis
Solana (SOL) rose about 1.7% over the past 24 hours, likely helped by ETF-related attention after CoinGape reported on holdings changes involving Solana ETFs tied to Grayscale executives and its parent firm. Even though the article notes trimming of holdings, the coverage itself highlights continued institutional positioning and activity around SOL-linked ETFs, which can support near-term sentiment.
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
Moderate confidence. Multiple factors may be contributing.