Solana

SOL 24 Hour Move

-9.28%

$86.44 → $78.42

Why Solana is down 9.3% today

Analysis

Solana (SOL) fell 9.3% over the past 24 hours amid a broader risk-off move in major crypto assets, with CoinDesk noting SOL declined alongside bitcoin and ether during the market-wide pullback. While Decrypt reported Magic Eden is doubling down on Solana as it ends Bitcoin and Ethereum support, that development didn’t offset the wider selling pressure reflected across large-cap tokens in the same window.

Contributing Factors (2)

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

69%

Read source

Move Details

Asset Solana

Symbol SOL

Direction ↓ Bearish

Timeframe 24 Hours

Start Price $86.44

End Price $78.42

Change -9.28%

Detected Feb 28, 2026 10:00 AM

Explanation Confidence

72%

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

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