11/12/2025
144 words
1 min read
Solana Drops 4.9% Breaking Below Key Support as Alameda Unlocks Continue
- MARKET
- SOL
- MARKETS
- AI MARKET INSIGHTS
- TECHNICAL ANALYSIS
- NEWS
Overview
Solana has experienced a decline of 4.9%, breaking below a significant support level. This drop is attributed to ongoing selling pressure coinciding with recent token releases tied to Alameda, despite institutional inflows of $336 million.
Market Movements
The price of Solana (SOL) has fallen to $153, marking a notable decrease in value. The decline occurred amidst fresh token releases, which have contributed to the selling pressure in the market. While there were substantial institutional inflows amounting to $336 million, these did not suffice to counteract the negative impact of the selling activity.
Impact on the crypto market
- Solana’s drop highlights the volatility inherent in the cryptocurrency market.
- The inability of institutional inflows to stabilize the price indicates a potential weakness in market sentiment.
- Ongoing token releases may continue to influence Solana’s price dynamics in the near term.
Updated: 11/12/2025, 7:30:55 PM
