Solana
Why Solana is down 5.8% today
Analysis
Solana (SOL) fell 5.8% over the past 24 hours as selling pressure coincided with reported major outflows from Solana-related ETF products, which can weigh on near-term demand and sentiment. Separate technical coverage also pointed to SOL slipping toward multi-month lows, reinforcing bearish momentum during the period.
Contributing Factors (3)
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.