SO
Solana
SOL
1 Hour Move
-1.02%
$76.56 → $75.78
Why Solana is down 1.0% in the last hour
Analysis
Solana (SOL) slipped about 1.0% over the past hour after reports that the Solana network nearly froze, raising short-term concerns about reliability and potential disruption for users and applications. CoinDesk, citing Marinade Finance, said the smart-contract blockchain “nearly froze” on Wednesday, which likely weighed on sentiment and prompted a modest pullback.
Contributing Factors (1)
#1
CoinDesk
1 hour ago
Smart contract blockchain Solana nearly froze Wednesday, Marinade Finance says
Confidence
80%
Read source
Move Details
Asset
Solana
Symbol
SOL
Direction
↓ Bearish
Timeframe
1 Hour
Start Price
$76.56
End Price
$75.78
Change
-1.02%
Detected
Aug 12, 2026 2:10 PM
Explanation Confidence
80%
High confidence in the explanation based on source reliability and timing.