Solana
Why Solana is down 3.4% today
Analysis
Solana (SOL) fell 3.4% over the past 24 hours as risk sentiment around the ecosystem took a hit following news that Solana neobank Avici was hacked for about $650,000, with Avici’s token crashing 40% (BeInCrypto). While there was also supportive news that Charles Schwab plans to add Solana to its crypto trading platform (The Block) and commentary around potential network inflation reductions (Decrypt), the exploit headline likely weighed more heavily in the near term.
Contributing Factors (3)
Solana Neobank Avici Hacked for $650,000. Token Crashes 40%
An Avici exploit drained $652,000 from Solana card vaults the company said only users could touch. AVICI fell 44%. The post Solana Neobank Avici Hacked for $650,000. Token Crashes 40% appeared first o...
Charles Schwab to add Solana, Avalanche and Chainlink to crypto trading platform
Schwab Crypto began rolling out to clients in May with direct access to BTC and ETH trading and charges 75 basis points per transaction.
Morning Minute: Solana Jumps with Network Inflation Set to Drop
Two majors proposals are set to pass, its leading DATs are back, and Schwab is offering SOL to its clients—quite the setup for Solana.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.