SOL plunges 11.46% in five minutes to $88.08 on Bitcoin World market

Solana’s native token SOL fell 11.46% in five minutes to $88.08 on the Bitcoin World market, during a period when Bitcoin and Ethereum had earlier shown relative stability. Trading volume spiked, signaling active participation from retail and institutional traders, while the move erased gains from several previous sessions and pushed SOL below the psychologically important $90 level. No single catalyst has been confirmed; possible explanations include a large sell order, leveraged-position liquidation cascades, whale activity or a broader shift in macroeconomic risk appetite. SOL also broke below its 50-day moving average, potentially reinforcing bearish momentum, while its relative strength index was nearing oversold territory, leaving room for a short-term rebound if buying interest returns. Traders are watching whether the token can stabilize above $85, a level that has previously provided support. The move may be isolated so far, but its scale highlights the need for risk management and caution among both short-term traders and long-term investors.

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