Solana
Why Solana is down 1.2% in the last hour
Analysis
Solana (SOL) slipped 1.2% over the past hour amid broader downside pressure across major crypto assets, as reported by Decrypt’s note on crypto treasuries moving “deeply underwater” during the market dip. Sentiment also appeared weighed by derivatives positioning after AMBCrypto highlighted a large Hyperliquid whale opening a leveraged SOL short, which can reinforce near-term bearish momentum.
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.