Solana
Why Solana is up 2.8% today
Analysis
Solana (SOL) rose 2.8% over the past 24 hours as traders appeared to stabilize price action after recent liquidation-driven weakness and a sharp drawdown highlighted by AMBCrypto’s coverage of SOL’s drop to multi-year lows. Broader risk sentiment across major crypto assets has been pressured, with Decrypt noting crypto treasuries falling “deeply underwater” alongside declines in Bitcoin, Ethereum, and Solana—suggesting SOL’s bounce may be part of a wider market recalibration.
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.