Solana
Why Solana is down 1.2% in the last hour
Analysis
Solana (SOL) slipped 1.2% over the past hour amid renewed negative sentiment tied to treasury exposure, after The Block reported Solana-focused firm Upexi posted a $179 million loss as SOL’s price decline hit its holdings despite revenue doubling. The move comes even as CoinDesk highlighted Solana Foundation president Lily Liu promoting “internet capital markets” at Consensus Hong Kong, which reads more as a longer-term narrative than an immediate catalyst, and CryptoPotato noted Goldman Sachs’ disclosed crypto holdings including SOL without indicating a near-term demand shock.
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.