Solana
Why Solana is down 1.4% in the last hour
Analysis
Solana (SOL) slid 1.4% over the past hour as broader downside pressure across major crypto assets weighed on sentiment, with reports noting Bitcoin, Ethereum, and Solana all diving and some crypto treasuries moving deeply underwater. At the same time, traders pointed to increased bearish positioning after a large “Hyperliquid whale” opened a leveraged SOL short, adding to near-term selling pressure.
Contributing Factors (3)
Solana drops 15%, hits 2-year low: Can SOL bulls hold $70?
Solana whale was fully liquidated on its long position taking $16 million total loss.
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.
$4mln Hyperliquid whale opens 3x SOL short – Trouble ahead for Solana?
Crowded long exposure leaves Solana vulnerable as bearish structure remains intact.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.