SLL/USD Price & Performance (SLLUSD)

Solana's price continues to face downward pressure, trading at $160 following a 35% decline in the last month. The upcoming March 1 unlock of 11.2 million SOL tokens is fueling fears of increased selling pressure. Negative funding rates and declining on-chain activity further indicate bearish sentiment for the cryptocurrency.123

U.S. stock markets faced sharp declines, with the S&P 500 dropping 1.7% and the Dow Jones losing nearly 1,200 points since midweek. Weak consumer sentiment and housing data, coupled with new tariff announcements, contributed to the selloff. Defensive sectors like consumer staples outperformed, while tech and momentum stocks bore the brunt of the losses.45

Coinbase has been labeled a "blue chip" of the cryptocurrency sector by analysts, despite a 27% monthly drop in its stock price. The exchange is expected to benefit from regulatory clarity and rising institutional adoption. Strong Q4 earnings and a bullish outlook position it as a potential long-term leader in the digital finance space.67