Solana
Why Solana is down 1.8% today
Analysis
Solana (SOL) fell 1.8% over the past 24 hours as traders reacted to reports of a large upcoming token unlock—about $870M worth—which can raise near-term supply concerns and weigh on price. Separately, coverage highlighting exchange-outage chatter and relative strength in XRP versus SOL may have added to bearish sentiment toward Solana in the short term.
Contributing Factors (3)
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.
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Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.