Solana
Why Solana is up 9.8% today
Analysis
Solana (SOL) rose 9.8% over the past 24 hours as traders appeared to rebound after a sharp, liquidation-driven selloff that recently pushed SOL to multi-year lows, setting up a relief rally as immediate downside pressure eased. Decrypt noted broader macro-driven weakness across major crypto assets and “crypto treasuries” falling underwater, and SOL’s bounce fits a short-term recovery attempt within that wider risk-off backdrop.
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
Moderate confidence. Multiple factors may be contributing.