• bitcoinBitcoin (BTC) $ 108,241.00
  • ethereumEthereum (ETH) $ 2,543.59
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.27
  • bnbBNB (BNB) $ 661.12
  • solanaSolana (SOL) $ 148.71
  • usd-coinUSDC (USDC) $ 0.999901
  • tronTRON (TRX) $ 0.286689
  • dogecoinDogecoin (DOGE) $ 0.167583
  • staked-etherLido Staked Ether (STETH) $ 2,544.10
  • cardanoCardano (ADA) $ 0.578724
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,227.00
  • hyperliquidHyperliquid (HYPE) $ 38.66
  • wrapped-stethWrapped stETH (WSTETH) $ 3,069.91
  • bitcoin-cashBitcoin Cash (BCH) $ 496.08
  • suiSui (SUI) $ 2.86
  • chainlinkChainlink (LINK) $ 13.40
  • leo-tokenLEO Token (LEO) $ 9.04
  • stellarStellar (XLM) $ 0.248477
  • avalanche-2Avalanche (AVAX) $ 17.98
  • usdsUSDS (USDS) $ 0.999992
  • wrapped-eethWrapped eETH (WEETH) $ 2,726.69
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • the-open-networkToncoin (TON) $ 2.74
  • hedera-hashgraphHedera (HBAR) $ 0.158059
  • wethWETH (WETH) $ 2,543.87
  • litecoinLitecoin (LTC) $ 86.15
  • whitebitWhiteBIT Coin (WBT) $ 45.04
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • moneroMonero (XMR) $ 316.59
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,272.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • polkadotPolkadot (DOT) $ 3.37
  • bitget-tokenBitget Token (BGB) $ 4.30
  • uniswapUniswap (UNI) $ 7.38
  • aaveAave (AAVE) $ 282.86
  • pepePepe (PEPE) $ 0.000010
  • daiDai (DAI) $ 1.00
  • pi-networkPi Network (PI) $ 0.457576
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • okbOKB (OKB) $ 48.21
  • bittensorBittensor (TAO) $ 320.75
  • aptosAptos (APT) $ 4.45
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • nearNEAR Protocol (NEAR) $ 2.16
  • jito-staked-solJito Staked SOL (JITOSOL) $ 180.77
  • internet-computerInternet Computer (ICP) $ 4.78
  • ethereum-classicEthereum Classic (ETC) $ 16.50
  • crypto-com-chainCronos (CRO) $ 0.080863
  • ondo-financeOndo (ONDO) $ 0.779525
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 0.999362
  • kaspaKaspa (KAS) $ 0.075346
  • fasttokenFasttoken (FTN) $ 4.45
  • mantleMantle (MNT) $ 0.567012
  • gatechain-tokenGate (GT) $ 15.54
  • cosmosCosmos Hub (ATOM) $ 4.04
  • bonkBonk (BONK) $ 0.000023
  • vechainVeChain (VET) $ 0.020383
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.669430
  • official-trumpOfficial Trump (TRUMP) $ 8.59
  • skySky (SKY) $ 0.079115
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.184745
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 108,251.00
  • ethenaEthena (ENA) $ 0.256924
  • render-tokenRender (RENDER) $ 3.15
  • arbitrumArbitrum (ARB) $ 0.328805
  • quant-networkQuant (QNT) $ 106.78
  • filecoinFilecoin (FIL) $ 2.28
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,544.05
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.47
  • algorandAlgorand (ALGO) $ 0.175551
  • worldcoin-wldWorldcoin (WLD) $ 0.872155
  • usdtbUSDtb (USDTB) $ 1.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998540
  • sei-networkSei (SEI) $ 0.256478
  • kucoin-sharesKuCoin (KCS) $ 11.05
  • binance-staked-solBinance Staked SOL (BNSOL) $ 157.77
  • usdt0USDT0 (USDT0) $ 1.00
  • jupiter-exchange-solanaJupiter (JUP) $ 0.436042
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,667.85
  • nexoNEXO (NEXO) $ 1.22
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,898.21
  • spx6900SPX6900 (SPX) $ 1.26
  • flare-networksFlare (FLR) $ 0.016290
  • fartcoinFartcoin (FARTCOIN) $ 1.10
  • celestiaCelestia (TIA) $ 1.58
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999952
  • xdce-crowd-saleXDC Network (XDC) $ 0.065687
  • injective-protocolInjective (INJ) $ 10.50
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999869
  • blockstackStacks (STX) $ 0.648157
  • sonic-3Sonic (S) $ 0.307409
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.50
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,720.48
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,673.00
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • optimismOptimism (OP) $ 0.543973
  • pax-goldPAX Gold (PAXG) $ 3,338.43
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.014619
  • story-2Story (IP) $ 3.20
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,008.00
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,134.00
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • wbnbWrapped BNB (WBNB) $ 660.72
  • kaiaKaia (KAIA) $ 0.151436
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,679.75
  • clbtcclBTC (CLBTC) $ 109,014.00
  • dogwifcoindogwifhat (WIF) $ 0.840104
  • tether-goldTether Gold (XAUT) $ 3,333.14
  • the-graphThe Graph (GRT) $ 0.082967
  • flokiFLOKI (FLOKI) $ 0.000082
  • immutable-xImmutable (IMX) $ 0.416479
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.25
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 166.92
  • vaultaVaulta (A) $ 0.487830
  • msolMarinade Staked SOL (MSOL) $ 194.33
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,746.15
  • ousgOUSG (OUSG) $ 111.71
  • curve-dao-tokenCurve DAO (CRV) $ 0.512593
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • theta-tokenTheta Network (THETA) $ 0.686833
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998121
  • lido-daoLido DAO (LDO) $ 0.729041
  • jito-governance-tokenJito (JTO) $ 1.86
  • galaGALA (GALA) $ 0.014118
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • zcashZcash (ZEC) $ 38.67
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.56
  • wrapped-hypeWrapped HYPE (WHYPE) $ 38.67
  • iotaIOTA (IOTA) $ 0.157708
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • saros-financeSaros (SAROS) $ 0.227032
  • the-sandboxThe Sandbox (SAND) $ 0.243446
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 107,613.00
  • usual-usdUsual USD (USD0) $ 0.997751
  • jasmycoinJasmyCoin (JASMY) $ 0.012167
  • raydiumRaydium (RAY) $ 2.15
  • aerodrome-financeAerodrome Finance (AERO) $ 0.673190
  • super-oethSuper OETH (SUPEROETH) $ 2,543.48
  • tbtctBTC (TBTC) $ 108,324.00
  • pendlePendle (PENDLE) $ 3.39
  • newton-projectAB (AB) $ 0.008351
  • syrupMaple Finance (SYRUP) $ 0.517597
  • walrus-2Walrus (WAL) $ 0.400416
  • pyth-networkPyth Network (PYTH) $ 0.095869
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,716.39
  • tezosTezos (XTZ) $ 0.521173
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,544.58
  • falcon-financeFalcon USD (USDF) $ 1.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,657.79
  • flowFlow (FLOW) $ 0.326034
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 108,250.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,545.00
  • decentralandDecentraland (MANA) $ 0.263488
  • bitcoin-svBitcoin SV (BSV) $ 25.07
  • true-usdTrueUSD (TUSD) $ 0.997810
  • coredaoorgCore (CORE) $ 0.489414
  • ripple-usdRipple USD (RLUSD) $ 0.999814
  • apecoinApeCoin (APE) $ 0.604643
  • staked-hypeStaked HYPE (STHYPE) $ 38.65
  • venomVenom (VENOM) $ 0.227194
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999902
  • chain-2Onyxcoin (XCN) $ 0.013632
  • thorchainTHORChain (RUNE) $ 1.32
  • heliumHelium (HNT) $ 2.44
  • dexeDeXe (DEXE) $ 7.68
  • beldexBeldex (BDX) $ 0.061189
  • apenftAPENFT (NFT) $ 0.00000044
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004371
  • morphoMorpho (MORPHO) $ 1.35
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.167746
  • usddUSDD (USDD) $ 1.00
  • kavaKava (KAVA) $ 0.393505
  • based-brettBrett (BRETT) $ 0.042258
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 1.00
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007004
  • starknetStarknet (STRK) $ 0.111501
  • stader-ethxStader ETHx (ETHX) $ 2,705.25
  • movementMovement (MOVE) $ 0.150732
  • dydx-chaindYdX (DYDX) $ 0.520205
  • compound-governance-tokenCompound (COMP) $ 40.71
  • neoNEO (NEO) $ 5.42
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • elrond-erd-2MultiversX (EGLD) $ 13.30
  • mog-coinMog Coin (MOG) $ 0.00000096
  • conflux-tokenConflux (CFX) $ 0.073687
  • build-onBUILDon (B) $ 0.373543
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,541.91
  • ecasheCash (XEC) $ 0.000018
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 108,129.00
  • ether-fiEther.fi (ETHFI) $ 0.969457
  • aioz-networkAIOZ Network (AIOZ) $ 0.304124
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999992
  • deepDeepBook (DEEP) $ 0.143354
  • kaitoKAITO (KAITO) $ 1.47
  • axie-infinityAxie Infinity (AXS) $ 2.13
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.13
  • eosEOS (EOS) $ 0.487664

Solana Price is down today amid security concerns

0 38

Solana Price is down today amid security concerns

  • SOL fell nearly 47% from its January 19 high, reaching about $157.25 by February 24.
  • Investor confidence is impacted by its link to the Lazarus Group, a pending $1.79B token unlock, and reduced futures market activity.
  • A head-and-shoulders pattern and break below $177 support hint at a potential drop to around $110, though a rebound to $215 is possible if support holds.

Solana Price Performance

Solana Price is losing its gains following Donald Trump’s reelection. On February 24, SOL dropped 7.35% to around $157.25 its lowest since November 6. This is part of a bigger drop that began on January 19. When SOL hit an all-time high of $295.31, and it has since dropped by nearly 47%.

Several factors are bringing the price down for SOL. One of them is the recently reported association of Solana with the North Korean-backed Lazarus Group. Whose numerous hacks and memecoin scams have characterized the network. The association has dented investors’ confidence.

Another issue to worry about is the forthcoming token unlocking. On March 1, 11.16 million SOL tokens worth approximately $1.79 billion will be unlocked, mostly from the FTX estate. Investors worry that if these tokens come onto the market, they will contribute to the selling pressure and drive the price down.

Technical Analysis

Moreover, market signals are also negative. The open interest in the futures market for SOL has declined from $8.57 billion on January 17 to $5.11 billion as of February 24, indicating that fewer investors are speculating on SOL appreciating in value. The weekly funding rates have also become negative, indicating that holders of long positions are being compensated by holders of short positions in SOL, which is a reflection of poor market sentiment.

Solana Price is down today amid security concerns

The SOL technical chart indicates a head-and-shoulders pattern a characteristic bearish pattern. SOL broke below the support level of about $177 near the neckline. If this continues to be valid, the target would be around $110, down more than 30% from the levels at the time of writing.

Solana Price is down today amid security concerns

However, if SOL manages to hold above the support level, there could be a bounce up to $215. This is exacerbated by waning interest in Solana-based memecoins like Official Trump, Bonk, and Dogwifhat. These memecoins account for much of the network usage, and waning activity means less demand for SOL, which is used as transaction fees.

Overall, the total of negative sentiment for hacks, impending token unlock. Low futures activity, and bearish technicals is substantially bearing down on the price of SOL. Traders are holding back in anticipation as the market awaits stronger signs of further downward action or a potential bounce.

Source

Leave A Reply

Your email address will not be published.