Solana
Why Solana is down 15.4% today
Analysis
Solana (SOL) fell 15.4% over the past 24 hours amid broader market risk-off pressure as major crypto assets sold off and crypto treasuries slipped “deeply underwater,” weighing on sentiment across large caps. Adding to downside momentum, AMBCrypto reported a $4 million Hyperliquid whale opening a 3x SOL short, which can reinforce bearish positioning.
Contributing Factors (3)
$4mln Hyperliquid whale opens 3x SOL short – Trouble ahead for Solana?
Crowded long exposure leaves Solana vulnerable as bearish structure remains intact.
Crypto Treasuries Fall Deeply Underwater as Bitcoin, Ethereum and Solana Dive
Prominent publicly traded crypto treasury firms are underwater on their holdings as Bitcoin and Ethereum keep falling.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.