Solana
Why Solana is up 4.5% today
Analysis
Solana (SOL) rose about 4.5% over the past 24 hours as it rebounded from recent liquidation-driven weakness and attempts to stabilize around key levels highlighted in coverage of its sharp selloff. At the same time, broader risk sentiment improved after the market-wide drawdown that pushed major crypto βtreasuriesβ underwater, which had weighed on SOL alongside Bitcoin and Ethereum.
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 β Trouble ahead for Solana?
Crowded long exposure leaves Solana vulnerable as bearish structure remains intact.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.