$Solana is trading around $93 this morning, down more than 2% in 24 hours and about 19% over the past 30 days. It has now been below $100 for a week and sits under its 200-day moving average near $98. Live prices are on our crypto prices page.
Among the majors, $SOL is the clear underperformer of this crash. Here is why, and what has to happen for it to turn.
Why Is Solana Down Today?
- Record ETF outflows: US spot Solana ETFs lost about $71 million in a single session, their largest daily exit since launch. Institutional money that drove the summer rally is now leaving.
- Whales are dumping: on-chain trackers show several large wallets quietly moving SOL to exchanges over the past 48 hours. Unlike Ethereum, where whales are buying the dip, Solana's big holders are selling it.
- The Binance exposure: SOL fell more than 5% on the night of ...
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