Solana
Why Solana is down 6.5% today
Analysis
Solana (SOL) fell 6.5% over the past 24 hours as broader market weakness and risk-off positioning pressured major alts, with SOL specifically sliding below the $100 level highlighted in CryptoPotato’s market watch. While ING’s rollout of retail access to BTC/ETH/SOL ETPs in Germany is a constructive adoption headline, it did not offset the near-term selloff in SOL during this window.
Contributing Factors (3)
Solana (SOL) Plunges Below $100, Bitcoin (BTC) Recovers From 15-Month Low: Market Watch
Meanwhile, HASH and HYPE have declined the most over the past 24 hours after charting impressive gains lately.
Germans can now buy bitcoin, ether, solana products directly from their ING accounts
These crypto products receive the same German tax treatment as directly held bitcoin.
ING opens retail access to Bitcoin, Ethereum, Solana ETPs in Germany
Still, ING Deutschland noted that crypto ETPs carry significant risks and stated that crypto has no intrinsic value.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.