SO

Solana

SOL 1 Hour Move
-1.75%
$86.32 → $84.81

Why Solana is down 1.7% in the last hour

Analysis

Solana (SOL) slipped 1.7% over the past hour amid negative sentiment tied to reports that Bank of America is shifting preference away from Ethereum and Solana toward Bitcoin. According to U.Today, the bank “dumps” ETH and SOL for BTC, which can weigh on SOL in the short term as traders react to perceived institutional rotation and reduced relative demand.

Contributing Factors (1)

#1
U.Today Regulatory 22 hours ago

Bank of America Dumps Ethereum and Solana for Bitcoin

America's second-largest bank is officially picking sides in the crypto market. According to its latest Q1 13F filing with the SEC.

Confidence
81%
Read source

Move Details

Asset Solana
Symbol SOL
Direction ↓ Bearish
Timeframe 1 Hour
Start Price $86.32
End Price $84.81
Change -1.75%
Detected May 24, 2026 2:20 PM

Explanation Confidence

81%

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