Solana
Why Solana is up 1.4% in the last hour
Analysis
Solana (SOL) rose 1.4% over the past hour as sentiment appeared to improve following news that Multicoin founder Kyle Samani is stepping back from the VC firm while continuing to advocate for Solana, which may have been viewed as supportive for the ecosystem. A separate on-chain-focused recap highlighting Solana’s strong January activity also kept attention on network fundamentals despite recent volatility.
Contributing Factors (2)
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 wins January on-chain – So why did SOL still drop 20%?
With network dominance at record levels, the price contrast is unusual.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.