Solana
Why Solana is down 1.5% in the last hour
Analysis
Solana (SOL) slid about 1.5% over the past hour amid broader market weakness, as major coins including Bitcoin, Ethereum, and Solana “dive,” pushing some crypto treasury positions further underwater and weighing on sentiment. Adding to the downside pressure, AMBCrypto reported a Hyperliquid whale opened a $4 million 3x leveraged SOL short, a move that can reinforce bearish momentum in the near term.
Contributing Factors (2)
$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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.