Solana price falls below $100 as ETFs lose $24.8M in two days

cryptonews10-29

Solana’s price has fallen below $100 after U.S. spot SOL exchange-traded funds recorded $24.82 million in net outflows over two trading sessions, adding pressure to a cryptocurrency already struggling...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2679478127?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-10-29 16:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2679478127","market":"fut","top_or_hot":-1,"title":"Solana price falls below $100 as ETFs lose $24.8M in two days","media":"cryptonews","content":"<div>\n<p>Solana’s price has fallen below $100 after U.S. spot SOL exchange-traded funds recorded $24.82 million in net outflows over two trading sessions, adding pressure to a cryptocurrency already struggling...</p>\n\n<a href=\"https://crypto.news/solana-price-prediction-etf-outflows-100-support/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Solana price falls below $100 as ETFs lose $24.8M in two days</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSolana price falls below $100 as ETFs lose $24.8M in two days\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-29 16:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/solana-price-prediction-etf-outflows-100-support/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Solana’s price has fallen below $100 after U.S. spot SOL exchange-traded funds recorded $24.82 million in net outflows over two trading sessions, adding pressure to a cryptocurrency already struggling...</p>\n\n<a href=\"https://crypto.news/solana-price-prediction-etf-outflows-100-support/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SOLC","symbol_name":"Canary Marinade Solana ETF","start_time":0,"source_url":"https://crypto.news/solana-price-prediction-etf-outflows-100-support/","article_id":"2679478127","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/solana-price-prediction-etf-outflows-100-support/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2679478127","pubTimestamp":1793261509,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Solana’s price has fallen below $100 after U.S. spot SOL exchange-traded funds recorded $24.82 million in net outflows over two trading sessions, adding pressure to a cryptocurrency already struggling through a difficult October.Solana price traded at $99.71 on October 29, losing 15.41% over the previous month.Spot Solana ETFs recorded $24.82 million in combined outflows on October 27 and 28.Lookonchain reported a whale selling 1.02 million SOL worth approximately $104.3 million over five days.Solana’s Alpenglow consensus upgrade activated on October 21, separately from proposed token supply changes.At $99.71 at the time of reporting, Solana was down 2.1% over 24 hours, bringing its seven-day decline to 4.74%. Monthly losses reached 15.41%, with the token trading between $99.23 and $103.65 during the latest session. Daily trading volume stood at approximately $2.93 billion.Solana ETF outflows put pressure on the $100 price level. A mysterious whale has dumped 1.02M $SOL  over the past ","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"SOLC":"Canary Marinade Solana ETF","BK4550":"红杉资本持仓","SOLM":"Amplify Solana 3% Monthly Option Income ETF","VSOL":"VanEck Solana ETF","SOLX":"T-REX 2X Long SOL Daily Target ETF","BSOL":"Bitwise Solana Staking ETF","FDN":"First Trust Dow Jones Internet I","SOLT":"2x Solana ETF","SOLZ":"Solana ETF","SSK":"Rex-Osprey SOL + Staking ETF","BK4585":"ETF&股票定投概念","SOEZ":"Franklin Solana ETF","SLON":"ProShares Ultra Solana ETF","FSOL":"Fidelity Solana Fund","QSOL":"Invesco Galaxy Solana ETF","BK4588":"碎股","GSOL":"Grayscale Solana Trust ETF","SSS":"Cyber Hornet S&P 500 and Solana 75/25 Strategy ETF","TSOL":"21Shares Solana ETF"},"translate_title":"Solana 价格跌破 100 美元，ETF 两天内损失 2480 万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VSOL":1.5,"FDN":0.69,"QSOL":1.5,"SSK":1.5,"BSOL":1.5,"TSOL":1.5,"GSOL":1.5,"SOLC":1.5,"SOEZ":1.5,"SOLZ":0.9,"SLON":1.5,"SOLX":1.5,"FSOL":1.5,"SOLM":1.5,"SSS":1.5,"SOLT":1.5},"content_text":"Solana’s price has fallen below $100 after U.S. spot SOL exchange-traded funds recorded $24.82 million in net outflows over two trading sessions, adding pressure to a cryptocurrency already struggling through a difficult October.\n\n\nSummary\n\n\n\nSolana price traded at $99.71 on October 29, losing 15.41% over the previous month.\nSpot Solana ETFs recorded $24.82 million in combined outflows on October 27 and 28.\nLookonchain reported a whale selling 1.02 million SOL worth approximately $104.3 million over five days.\nAnalyst CryptoBusy identified 96–100 as support, with 104–105 the next breakout threshold.\nSolana’s Alpenglow consensus upgrade activated on October 21, separately from proposed token supply changes.\n\n\n\nSoSoValue’s ETF data show investors withdrew $19.16 million on October 27, followed by another $5.66 million on October 28. The first session recorded the largest daily withdrawal since December 3, 2025, when the funds lost $32.19 million. The latest redemptions coincided with SOL testing a price level that traders have defended repeatedly this month.\nAt $99.71 at the time of reporting, Solana was down 2.1% over 24 hours, bringing its seven-day decline to 4.74%. Monthly losses reached 15.41%, with the token trading between $99.23 and $103.65 during the latest session. Daily trading volume stood at approximately $2.93 billion.\nSolana ETF outflows put pressure on the $100 price level\nThe latest withdrawals brought October’s reported ETF outflows over $105 million, despite cumulative net inflows remaining positive at approximately $1.51 billion. On October 28, the funds held roughly $1.56 billion in net assets, according to the reported SoSoValue data.\nSolana spot ETF net inflow, source: SoSoValue\nThe October 27 withdrawal was particularly notable because only one trading session since the funds launched had recorded a larger outflow. However, ETF redemptions alone cannot establish how much of Solana’s latest price decline came directly from institutional selling.\nWeakness has reached other parts of the crypto market. The CoinMarketCap Altcoin Season Index fell 5.08% to 56, indicating softer performance across alternative cryptocurrencies. Solana’s annual price decline of 48.77% further illustrates the pressure that has followed its previous market recovery.\nInstitutional fund flows have remained a concern throughout October. As crypto.news reported during the month, SOL had repeatedly approached $100 while investors withdrew money from cryptocurrency investment products.\nWhale selling adds to Solana market concerns\nLarge-holder activity has drawn attention alongside the ETF withdrawals. Blockchain analytics account Lookonchain reported on October 29 that a wallet had sold 1.02 million SOL, worth approximately $104.3 million, over five days.\n\nA mysterious whale has dumped 1.02M $SOL ($104.3M) over the past 5 days!https://t.co/zZFhaOfFX1 pic.twitter.com/aboZKnF81y— Lookonchain (@lookonchain) October 29, 2026\n\nThe account linked the activity to an Arkham-tracked entity, although the wallet owner’s identity and the complete execution details require independent verification. The reported transactions represent a separate potential source of selling pressure from ETF redemptions.\nDespite the price decline, Solana’s market capitalization stood near $58.83 billion, keeping it seventh among cryptocurrencies. Circulating supply was approximately 589.98 million SOL, while the network’s total supply reached 636.64 million tokens.\nOn-chain development has continued during the selloff. A separate report on tokenized stocks found that Solana’s tokenized-equity holder count had reached approximately 1.5 million, five times its August level.\nThe growing number of holders contrasts with the cryptocurrency’s declining market price, although tokenized-equity adoption and demand for SOL are different measures.\nSolana price prediction: Will $98 support hold?\nTradingView’s daily indicators placed SOL below its 20-day Bollinger Bands midpoint at $104.46, with the lower band near $98.73. The token has recorded a series of lower highs since approaching $125 in October, leaving its short-term price structure under pressure.\nSolana price chart, source: crypto.news\nThe Bollinger Band Power indicator stood at -4.70, while the seven-day relative strength index measured 34.81. Both readings suggest weak momentum, although neither guarantees that further losses will follow.\nCrypto analyst CryptoBusy identified the $96–$100 region as a key support area on the four-hour chart. In his assessment, buyers would need a confirmed move above $104–$105 to challenge resistance between $108 and $112.\n\n$SOL is trading around $102, testing a descending resistance trendline on the 4H chart.Price has repeatedly faced rejection at this trendline, while buyers continue defending the $96–$100 support zone.A confirmed breakout above $104-$105 could open the door toward $108-$112.… pic.twitter.com/90PLpwOZnb— CryptoBusy (@CryptoBusy) October 28, 2026\n\nAnother rejection near the descending trendline could bring $100 back into focus, with $96 representing the next support level. The daily chart places intermediate resistance at $104.46 and the upper Bollinger Band near $110.19.\nA daily close below $98.73 would weaken the current support structure, leaving $95 and $90 as potential downside levels. A deeper decline toward $80 remains a bearish scenario, not a confirmed price target.\nSolana network development continues despite market weakness\nThe price decline has coincided with changes to Solana’s underlying technology. The network’s Alpenglow consensus upgrade activated on October 21, replacing its previous TowerBFT consensus process.\nThe upgrade targets substantially faster transaction finality, with developers citing approximately 150 milliseconds under the new design. That technical milestone is separate from proposals to reduce future SOL issuance or change transaction-fee burning.\nProposed supply changes under SIMD-550 and SIMD-553 could alter the amount of SOL entering circulation and the quantity permanently removed through transaction fees. Their projected effects depend on approval, implementation and actual network activity.\n\n\n  \n\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        \n\n\n\n\n\n\n                Read more:\n            \n\n                Bithumb raided again over alleged misuse of executive funds","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.1","shortVersion":"4.52.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2679478127","isCrawlerRequest":true}