Solana
Why Solana is down 13.6% today
Analysis
Solana (SOL) fell 13.6% over the past 24 hours as broader risk-off crypto trading and ETF flow dynamics pressured majors, with SOL notably breaking below the psychologically important $100 level amid market weakness. CryptoPotato highlighted SOL’s drop below $100 while bitcoin stabilized, suggesting SOL underperformed during the broader market move.
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.
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.