Solana
Why Solana is down 1.1% in the last hour
Analysis
Solana (SOL) dipped 1.1% over the past hour as sentiment weakened following reports of significant outflows from Solana-related ETF products, which can pressure price by signaling reduced near-term institutional demand. AMBCrypto noted “major outflows” alongside SOL sliding toward multi-month lows, reinforcing the bearish tone.
Contributing Factors (2)
Solana ETFs post major outflows as SOL slips toward multi-month lows
Solana-linked ETFs saw one of their largest daily outflows on record, recording almost $12 million in outflows.
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.