Solana
Why Solana is down 1.1% in the last hour
Analysis
Solana (SOL) slipped 1.1% over the past hour as sentiment was pressured by reports highlighting weakening on-chain economics, including a 78% drop in network fees and commentary framing it as Solana’s “worst quarter” since 2023. That narrative, covered by AMBCrypto, likely weighed on near-term demand and contributed to the modest pullback.
Contributing Factors (2)
Can Solana reverse its ‘worst quarter’ since 2023 as fees drop 78%?
Will $14M stolen SOL affect the altcoin's recovery in the short term?
MORPHO tests key resistance after Solana launch—Will the breakout hold?
The Morpho $60 forecast and the token being available to trade on the Solana network has helped boost market sentiment.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.