CryptoMedium•29 October 2026•
1 min read
Solana Drops Below $100 as Spot ETFs See $24.8M Outflows
Key Facts
1Solana price dropped below the $100 threshold amid selling pressure.
2Spot SOL ETFs recorded outflows totaling $24.82 million over two trading sessions.
Solana price dropped below the $100 threshold amid intensified selling pressure. According to crypto.news, spot SOL ETFs recorded total outflows of $24.82 million over two trading sessions, significantly weakening the asset's immediate price support.
The downward momentum follows a broader decline for the token, which was trading at $99.71 on October 29, 2026, marking a 15.41% loss over the previous month. SoSoValue data indicated that investors withdrew $19.16 million on October 27, followed by $5.66 million on October 28, 2026, while Lookonchain reported a whale wallet selling 1.02 million SOL worth approximately $104.3 million over a five-day period.