Solana Decreases More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana's (CRYPTO: SOL) price has fallen 7.01% to $23.16 over the past 24 hours, continuing its negative trend over the past week with a 6.0% loss. The trading volume for the coin has decreased 23.0% over the past week, while the overall circulating supply of the coin has decreased 0.22% to over 406.27 million. The current market cap ranking for SOL is #10 at $9.40 billion.

August 16, 2023 | 3:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Solana's price has fallen 7.01% to $23.16 over the past 24 hours, continuing its negative trend over the past week with a 6.0% loss. The trading volume for the coin has decreased 23.0% over the past week.
The news directly reports on the price drop of Solana, which has been on a negative trend over the past week. The decrease in trading volume suggests less market activity around this asset, which could further drive the price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100