Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Solana drops 9% amid heavy institutional selling and whale shorting, hitting lowest price since February

Market News
05 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Solana's price fell over 9% in 24 hours and more than 21% in a week due to large-scale selling by Forward Industries and leveraged short positions by whales. This selling pressure reflects a broader crypto market downturn and has pushed SOL to its lowest level since February, breaking key support levels. Technical indicators and declining social sentiment suggest further downside risk, with potential support around $20. Investors should watch for continued bearish momentum in the short term.

More News (SOL)

Ethereum price falls below $1,700 amid market sell-off and macroeconomic pressures.

Ethereum price falls below $1,700 amid market sell-off and macroeconomic pressures.

Ethereum's price has dropped below the key $1,700 level due to ongoing macroeconomic stress, ETF outflows, and liquidations of long positions, pushing it into a deep correction phase. The Relative Strength Index (RSI) shows Ethereum is heavily overso...

Market News
Bearish
6 hours ago
Bitcoin drops 14.5% weekly amid AI chip forecast miss and ETF outflows

Bitcoin drops 14.5% weekly amid AI chip forecast miss and ETF outflows

Bitcoin fell 14.5% over the week to $62,715, driven by Broadcom's disappointing AI semiconductor forecast which triggered a broader market selloff, including a 1.2% drop in Nasdaq futures and declines in Asian markets. Ethereum and Solana also droppe...

Market News
Bearish
7 hours ago
Hyperliquid outpaces Solana in trading volume and price, but Solana's larger supply keeps its market cap lead.

Hyperliquid outpaces Solana in trading volume and price, but Solana's larger supply keeps its market cap lead.

In Q1 2026, Hyperliquid's perpetual DEX trading volume surged to $1.89 trillion, nearly doubling from the previous year and surpassing Solana significantly in 30-day volume. Hyperliquid's token (HYPE) also saw a nearly 200% price increase, briefly tr...

Market News
Bullish
7 hours ago
Forward Industries moves $31.87M in Solana tokens to Coinbase, sparking sell-off concerns.

Forward Industries moves $31.87M in Solana tokens to Coinbase, sparking sell-off concerns.

Forward Industries transferred 455,784 Solana (SOL) tokens worth about $31.87 million to Coinbase Prime after 30 days of wallet inactivity, raising speculation about a possible sale. The company has invested roughly $1.59 billion since September 2025...

Market News
Bearish
7 hours ago
Solana options show bullish bets while Ethereum and XRP traders hedge for downside risks.

Solana options show bullish bets while Ethereum and XRP traders hedge for downside risks.

Options data from Deribit reveals a split in sentiment among major altcoins: Solana traders favor upside bets with a strong call option dominance, signaling expectations of a near-term rebound. Meanwhile, Ethereum and XRP traders exhibit more defensi...

Market News
Neutral
7 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App