Solana (SOL) has fallen about 12% over the past week, marking the worst performance among the top 10 cryptocurrencies by market cap. This decline is driven by a combination of macroeconomic uncertainty and significant selling from large holders, including a five-year staker unloading $137.7 million worth of SOL and a two-year holder taking losses. Additionally, the meme coin launchpad Pump.fun resumed selling after a nine-month pause, offloading millions in SOL. Institutional investors also exited, with Goldman Sachs fully exiting its Solana ETF position in Q1 2026. These factors have intensified bearish sentiment amid a broader crypto market downturn.
Solana's price dropped below its 200-day average to around $86, with a critical support level at $85 holding twice recently. Meanwhile, leveraged futures positions on OKX increased by 24 percent despite the price decline, indicating many traders are ...
BNB Chain recorded 4.86 million active addresses in a single day, more than doubling Solana's 1.97 million and surpassing Ethereum's 535,100, according to DeFiLlama data from November 9, 2026. This highlights BNB Chain's strong position in blockchain...
A wallet connected by analysts to the UXLINK exploit began selling $148 million worth of long positions in Ethereum, Solana, and XRP on Hyperliquid on November 9. The sale is executed via a 16-hour TWAP order, expected to realize a $3.3 million loss ...
On November 8, Dogecoin (DOGE) was the only one among five major cryptocurrencies to see an increase in open interest for perpetual futures, rising 0.47% to $180.5 million. XRP posted the highest funding rate at 0.0085% every eight hours, equivalent ...
A trader linked to the UXLINK hack has sold $148 million worth of Ethereum, Solana, and XRP at a loss, triggering price pressure on these cryptocurrencies. The trader used a 16-hour algorithmic sell-off on Hyperliquid after suffering a $3.3 million n...
