Solana
Why Solana is up 1.0% in the last hour
Analysis
Solana (SOL) rose about 1.0% over the past hour even as traders digested news about an upcoming $870 million SOL token unlock. The move suggests the market is treating the unlock as a manageable overhang for now, with near-term buying outweighing immediate sell-pressure concerns highlighted in the report.
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.