Solana
Why Solana is up 3.0% today
Analysis
Solana (SOL) rose about 3% over the past 24 hours, likely supported by positive sentiment around Solana-linked financing developments. The Block reported that Solana Company shares jumped 17% as the firm rolled out a product allowing borrowing against staked SOL, which may have boosted market confidence in SOL-related liquidity and utility.
Contributing Factors (1)
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.