Solana price slips below $100 amid ETF outflows and whale selling
Published on 10/31/2026 at 13:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSolana faces renewed selling pressure
- SOL was displayed at 95.445 USD on Investing.com, with a 52-week range of 60.20 to 190.15 USD.
- 24/7 Wall St. reported that one wallet sold 1.02 million SOL worth 104.3 million USD over five days ending October 29, 2026.
- U.S. Solana spot ETFs recorded combined outflows of 25 million USD on October 27 and 28, according to the same report.
- The Alpenglow upgrade went live on October 21 and targets transaction finality of about 150 milliseconds.
The Solana price was displayed at 95.445 USD on the Investing.com SOL/USD page, which showed a 24-hour volume of 5.36 billion USD, a market capitalization of 56.28 billion USD and a circulating supply of 590.04 million SOL. The page listed a 52-week range of 60.20 to 190.15 USD. The displayed quote was marked as real time at 22:50:35, but no UTC daily closing basis for October 30 was provided, so the displayed daily percentage change is not presented as a UTC day-over-day return.
Recent market pressure has been accompanied by large holder selling. 24/7 Wall St. reported on October 29 that a single wallet sold 1.02 million SOL worth 104.3 million USD over five days. The report said the wallet's remaining balance was not verified and did not establish whether the transferred coins were sent to exchanges.
The same report said spot Solana ETFs recorded outflows of 19.2 million USD on October 27 and 5.7 million USD on October 28. The withdrawals added to a period of weaker fund demand, although the report also noted that the Bitwise Solana Staking ETF still held more than 1 billion USD in net assets. ETF flows therefore remain a relevant near-term indicator, but the reported outflows do not by themselves determine the token's next direction.
Network upgrade meets cautious market
On the technology side, Solana's Alpenglow upgrade went live on October 21. In an October 20 report, Yahoo Finance said the upgrade aims to reduce transaction finality from about 12.8 seconds to 150 milliseconds. The article also noted that the upgrade required validators to run an Agave-based client during activation, while the second phase, Rotor, had no set date at that time.
That technical milestone has not removed the immediate market risks identified in the recent reporting. The Solana price remains sensitive to broader crypto-market conditions, fund flows and the behavior of large holders. For investors, the key distinction is between Solana's longer-term infrastructure development and the shorter-term supply and liquidity signals visible in the market.
Further Solana coverage is available on the Solana topic page.
