Solana
Why Solana is down 1.5% today
Analysis
Solana (SOL) slipped about 1.5% over the past 24 hours as traders reacted to reports that the network “nearly froze” on Wednesday, which can raise short-term reliability concerns despite no full outage being reported. This negative technical headline from CoinDesk likely outweighed more constructive adoption news, such as CoinDesk’s report that MoneyGram is expanding on Solana with a global crypto-to-cash service.
Contributing Factors (3)
MoneyGram expands on Solana with global crypto-to-cash service
Wallets and apps on Solana can now tap MoneyGram's global network to move between digital assets and local currencies.
Smart contract blockchain Solana nearly froze Wednesday, Marinade Finance says
Former Ripple Partner Deepens Solana Ties
MoneyGram is bringing its global cash network to Solana.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.