Solana
Why Solana is down 7.5% today
Analysis
Solana (SOL) fell 7.5% over the past 24 hours as broader market risk-off pressure weighed on majors, with reports noting SOL slid below the $100 level amid volatile ETF-flow-driven trading and wider crypto weakness. While there was some constructive adoption news (Germans being able to buy SOL products directly via ING accounts), it wasn’t enough to offset the near-term selling pressure highlighted in market coverage.
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.
Solana wins January on-chain – So why did SOL still drop 20%?
With network dominance at record levels, the price contrast is unusual.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.