Solana
Why Solana is down 7.1% today
Analysis
Solana (SOL) fell 7.1% over the past 24 hours as broader market weakness pushed it below the $100 level, highlighting risk-off sentiment even as bitcoin stabilized, according to CryptoPotato’s market watch. Separately, The Block reported that Multicoin founder Kyle Samani is stepping back from his VC firm role, a headline that may have added near-term uncertainty around a prominent Solana backer despite his stated continued advocacy.
Contributing Factors (3)
Multicoin founder Kyle Samani steps back from VC firm, will continue to advocate for Solana
Kyle Samani pledged to continue making personal investments in the crypto sector as he pursues other tech interests.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.