Solana
Why Solana is down 3.2% today
Analysis
Solana (SOL) fell 3.2% over the past 24 hours as negative treasury-related headlines weighed on sentiment, after The Block reported Solana DAT Upexi posted a $179 million loss tied to SOL’s price slide despite revenue doubling. While CoinDesk highlighted Solana’s ecosystem narrative via Lily Liu’s remarks at Consensus Hong Kong 2026, it was less immediately price-supportive than the loss-focused coverage, and broader institutional-holdings news from CryptoPotato (Goldman Sachs’ disclosed crypto positions) didn’t offset the downside pressure.
Contributing Factors (3)
Solana DAT Upexi posts $179 million loss as SOL price slide hits treasury despite revenue doubling
Upexi said digital asset operations, mainly staking income, now account for the majority of company revenue.
Solana's Lily Liu champions internet capital markets at Consensus Hong Kong 2026
Fireside chat with Michael Lau spotlights finance focus, Asia's centrality, and revenue-driven growth
Goldman Sachs’ Crypto Portfolio: BTC, ETH, XRP, and SOL Holdings Revealed
The investment bank's positions are through crypto ETFs, not direct token holdings.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.