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

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. Summary 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. Analyst CryptoBusy identified 96–100 as support, with 104–105 the next breakout threshold. Solana’s Alpenglow consensus upgrade activated on October 21, separately from proposed token supply changes. SoSoValue’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. 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...