TREE NEWS reports: Solana’s SOL touched $67.37 on Coinbase, its lowest level since June, and underperformed bitcoin and ether over both seven- and 28-day periods. Solana Compass data showed 67.3% of the token’s total supply is staked. The move came ahead of a London event described as a breakpoint.
SOL Falls to $67.37, Lowest Since June, Underperforms BTC and ETH
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AI take
SOL's underperformance against both BTC and ETH over two timeframes points to weakness specific to Solana rather than a broad market pullback, which makes the staking data the more interesting signal: with roughly two-thirds of supply locked up, the float available to absorb selling is comparatively thin, and that can amplify moves in either direction. The timing ahead of a London breakpoint event adds an event-risk dimension worth watching. Whether the staked share holds steady through this drawdown, or starts to unwind, is the open question.
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