Solana
Why Solana is up 1.2% in the last hour
Analysis
Solana (SOL) rose about 1.2% over the past hour as traders digested coverage of an upcoming ~$870 million token unlock and its potential market impact. While such unlocks can raise supply concerns, the CryptoNews report suggests the market is actively pricing in what it could mean for SOL, supporting short-term repositioning and a modest bounce.
Contributing Factors (1)
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.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.