Solana
Why Solana is down 5.3% today
Analysis
Solana (SOL) fell 5.3% over the past 24 hours as market attention centered on rising selling pressure and whether SOL can absorb it, a dynamic highlighted in BeInCrypto’s discussion of ETF-related flows and factors needed to offset distribution. While Cointelegraph noted a supportive development—21Shares launching Europe’s first Jito staked Solana ETP—this didn’t appear to outweigh near-term sell-side pressure in the market.
Contributing Factors (3)
What Factors Could Help Solana Absorb Rising Selling Pressure
Solana (SOL) has dropped below $120 amid continued capital outflows. As investors become increasingly cautious, the key question is what Solana can offer to convince holders to stay. Several recent de...
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.