Solana Drops 5% After BlackRock ETF Denial — Short-Term Sentiment Weakens
I note Solana (SOL) is trading near $175.36, down roughly 5% over the past 24 hours after BlackRock's ETF denial triggered a wave of selling. Even with constructive ecosystem developments and neutral technical signals, the market reacted sharply to the ETF news and pressured SOL's price.
I remain focused on the on-chain fundamentals and developer activity that continue to support Solana, but in the immediate term headline-driven risk-off flows have weakened sentiment and pushed volatility higher for SOL.
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