Solana
Why Solana is up 1.0% in the last hour
Analysis
Solana (SOL) edged up ~1% over the past hour as sentiment improved on reports that 21Shares launched Europe’s first Jito staked Solana ETP, a development that can broaden institutional access to SOL exposure. Additionally, discussion of Solana handling a large share of L1 throughput amid a memecoin-driven activity surge likely reinforced the network’s usage narrative and supported near-term bids.
Contributing Factors (3)
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...
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.
Solana processes 40% of L1 throughput amid memecoin boom – Explained
Solana handles memecoin-driven volume without degradation, as high TPS and app revenue confirm execution-layer strength.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.