Solana
Why Solana is down 2.3% today
Analysis
Solana (SOL) fell 2.3% over the past 24 hours amid a broader risk-off move in major crypto as the Iran ceasefire reportedly began to fray, pressuring Bitcoin, ETH, SOL and XRP together (CoinDesk). The downside was likely reinforced by relative demand shifting elsewhere, with XRP leading 24-hour ETF flows versus Bitcoin, Ethereum and Solana, which can weigh on near-term sentiment for SOL (U.Today).
Contributing Factors (3)
Bitcoin under $71,000, ETH, SOL, XRP drop as Iran ceasefire frays within 48 hours of being signed
Tehran says three clauses of the ceasefire have been breached, oil is rebounding toward $97, and the Strait of Hormuz remains effectively closed despite the deal.
Solana hits record 167M holders in April – Will SOL price follow?Â
SOL has seen over $18 billion in capital outflows since last October with no relief in sight as of early April, 2026
XRP Beats Bitcoin, Ethereum, Solana and Even Dogecoin in 24-Hour ETF Flows
XRP is beating assets from the Big Three and even smaller meme coins in ETF flows.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.