Solana

SOL 24 Hour Move

-6.46%

$87.36 → $81.72

Why Solana is down 6.5% today

Analysis

Solana (SOL) fell 6.5% over the past 24 hours as broader majors sold off, with CoinDesk noting SOL declined alongside bitcoin and ether in a wider risk-off move. While Decrypt reported NFT marketplace Magic Eden is doubling down on Solana, that development didn’t offset the near-term market-wide downturn highlighted in the CoinDesk coverage.

Contributing Factors (3)

CoinDesk 1 month ago

Bitcoin falls with ether, solana while decred, AI-linked tokens advance

Positioning in futures and options shows traders looking to protect against further declines.

Confidence

74%

Read source

Decrypt ETF Flows 1 month ago

Magic Eden Pulls Plug on Bitcoin and Ethereum Support, Doubles Down on Solana

Magic Eden is pulling support for Ethereum-compatible and Bitcoin-based assets, marking an end to its multi-chain approach to user adoption.

Confidence

73%

Read source

AMBCrypto 1 month ago

Liquidity floods Solana as SOL reclaims EMA Ribbon to hit $85 – Details

SOL's last 24 hours have been very important.

Confidence

62%

Read source

Move Details

Asset Solana

Symbol SOL

Direction ↓ Bearish

Timeframe 24 Hours

Start Price $87.36

End Price $81.72

Change -6.46%

Detected Feb 28, 2026 3:55 AM

Explanation Confidence

71%

High confidence in the explanation based on source reliability and timing.

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