Solana
Why Solana is down 1.3% in the last hour
Analysis
Solana (SOL) slipped 1.3% over the past hour as traders appeared to rotate risk toward other high-momentum altcoins, with CryptoNews highlighting Hyperliquid’s surge and framing it as a potential contender to “flip Solana,” which can weigh on near-term sentiment. The dip also came despite constructive longer-term headlines, including Cointelegraph reporting that 21Shares launched Europe’s first Jito-staked Solana ETP, suggesting the move was more about short-term positioning than fundamentals.
Contributing Factors (3)
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.
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.