Solana Falls About 13% in October as Spot ETF Outflows Persist

Solana (SOL) traded near $102.50 at 2:06 a.m. ET (06:06 UTC) Thursday, Oct. 15, about 13% below its Oct. 1 opening price of $118.04. The token was roughly $2.50 above the $100 level.

U.S. spot Solana exchange-traded funds (ETFs) recorded net outflows in seven consecutive trading sessions, from Oct. 5 through Oct. 13. The run included five sessions from Oct. 5 through Oct. 9, when net outflows totaled $25 million, then continued on Oct. 12 and 13.

The Oct. 15 price was a snapshot at 2:06 a.m. ET; it was not a full-day closing price. More than 40 million SOL previously changed hands near $100, a potential support level.