Solana

SOL 1 Hour Move

+1.03%

$98.77 → $99.79

Why Solana is up 1.0% in the last hour

Analysis

Solana (SOL) ticked up about 1.0% over the past hour as traders reacted to a fresh potential source of SOL demand: DeFi Development Corp’s proposal for a $20 million preferred stock offering intended to buy more SOL. The news, reported by The Block, likely supported near-term sentiment by signaling continued institutional-style accumulation interest.

Contributing Factors (1)

The Block 1 day ago

DeFi Development Corp proposes $20 million preferred stock offering to buy more SOL

The Nasdaq-listed company intends to use the proceeds to acquire more Solana and crypto-related investments.

Confidence

68%

Read source

Move Details

Asset Solana

Symbol SOL

Direction ↑ Bullish

Timeframe 1 Hour

Start Price $98.77

End Price $99.79

Change +1.03%

Detected Sep 2, 2026 2:55 AM

Explanation Confidence

68%

Moderate confidence. Multiple factors may be contributing.

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