Solana
Why Solana is down 6.9% today
Analysis
Solana (SOL) fell 6.9% over the past 24 hours as traders appeared to “sell the news” after Cointelegraph reported 21Shares launched Europe’s first Jito staked Solana ETP, which may not have translated into immediate spot demand. Adding to the pressure, CryptoNews highlighted rising attention and momentum in competing altcoins (notably Hyperliquid/HYPE), which can pull speculative flows away from SOL in the short term.
Contributing Factors (2)
21Shares launches first Jito staked Solana ETP in Europe
The product offers exchange-traded exposure to JitoSOL with staking rewards embedded, as liquid staking ETFs remain under review in the United States.
Hyperliquid Price Prediction: HYPE Just Blew Past XRP and BNB – Is This the Altcoin That Flips Solana Next?
Having gained by 50% in the past week, here's why the Hyperliquid price prediction remains so bullish. The post Hyperliquid Price Prediction: HYPE Just Blew Past XRP and BNB – Is This the Altcoin That...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.