Solana Decreases More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Solana (SOL) has experienced a 6.22% price drop within the last 24 hours, contrasting with its 7.0% gain over the past week. Trading volume has increased by 21.0%, and the circulating supply has risen by 0.39%, bringing the total to 449.28 million. Solana's market cap is currently ranked #5 at $77.02 billion.
May 23, 2024 | 3:00 pm
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NEGATIVE IMPACT
Solana (SOL) has seen a significant price drop of 6.22% in the last 24 hours, despite a positive trend over the past week. Increased trading volume and circulating supply indicate heightened market activity.
The 6.22% price drop in Solana within 24 hours is a significant short-term negative movement, especially when contrasted with the previous week's gains. The increased trading volume and circulating supply suggest heightened market activity, which could lead to further volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100