Solana
Why Solana is up 7.9% today
Analysis
Solana (SOL) rose 7.9% over the past 24 hours amid renewed attention from ETF-flow and “best crypto to buy” coverage that highlighted SOL alongside other large-cap tokens, supporting bullish sentiment. Separately, The Block reported Solana Company shares jumped 17% after rolling out a product that allows borrowing against staked SOL, reinforcing market focus on Solana-linked financial activity.
Contributing Factors (3)
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Solana Company shares jump 17% as firm rolls out borrowing against staked SOL
Solana treasury companies are starting to turn to staking income and on-chain financing tools as lower SOL prices pressure balance sheets and share prices.
Citi builds on Solana: Will SOL become the ‘internet capital market’?
Despite it all, SOL price is in freefall.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.