Solana
Why Solana is down 5.4% today
Analysis
Solana (SOL) fell 5.4% over the past 24 hours amid broader market weakness highlighted by reports that SOL “plunged below $100,” as risk appetite remained pressured even while Bitcoin began to recover (CryptoPotato). Separately, sentiment around Solana may have been affected by firm-specific headlines after Multicoin founder Kyle Samani stepped back from the VC firm’s leadership role, despite stating he will continue advocating for Solana (The Block).
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.
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.
Moscow Exchange Plans Solana, Ripple and Tron Futures as Crypto Index Suite Expands
The Moscow Exchange (MOEX) is preparing to broaden its suite of cryptocurrency products in 2026 by launching new futures contracts tied to major digital assets including Solana (SOL), Ripple (XRP) and...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.