Solana Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Solana's price has dropped by 5.62% in the last 24 hours, contrasting with a 5% gain over the past week. Trading volume increased by 87% over the week, with a slight increase in circulating supply. Solana's market cap is ranked #5 at $67.68 billion.
August 28, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Solana's price has decreased by 5.62% in the last 24 hours, despite a 5% increase over the past week. The trading volume has surged by 87% over the week, indicating heightened interest or activity. Solana's market cap is currently ranked #5 at $67.68 billion.
The 5.62% drop in Solana's price over the last 24 hours suggests a negative short-term impact. The significant increase in trading volume indicates increased market activity, which could lead to further volatility. Despite the drop, Solana maintains a strong market cap ranking, which may mitigate long-term concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100