Solana
Why Solana is down 1.5% in the last hour
Analysis
Solana (SOL) slipped about 1.5% over the past hour as traders reacted to fresh concerns about a large upcoming supply event, with CryptoNews highlighting a potential $870 million SOL token unlock that could increase near-term selling pressure. Sentiment may also have been weighed down by a CryptoNews piece emphasizing XRP’s relative strength versus Solana amid exchange-outage-related headlines, which can prompt short-term rotation away from SOL.
Contributing Factors (2)
Solana Faces $870 Million Token Unlock – What It Means for SOL Price
Solana Faces $870M Token Unlock – SOL Price Impact Ahead The post Solana Faces $870 Million Token Unlock – What It Means for SOL Price appeared first on Cryptonews.
XRP Price Prediction: XRP is Crushing Solana and Coming for Binance Coin Next – Should You Buy Now?
XRP is quietly climbing the rankings while price action looks boring.The XRP Ledger just moved into sixth place by tokenized real world asset value, overtaking Solana and closing in on BNB Chain. Over...
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.