Solana drops below $102 as ETF outflows extend for eighth straight day

Solana continued its downward trend on Thursday, approaching a critical $100 threshold. Persistent outflows from Solana-based exchange-traded funds (ETFs) and weak technical indicators weighed on sentiment, with SOL last trading at $101.82. Solana-focused ETFs recorded eight consecutive trading sessions of investor withdrawals. Data from CoinGlass shows these funds posted $1.3 million in net outflows on Wednesday, following a total of $24.81 million withdrawn the previous week. This consistent trend of redemptions signals continued weak demand for exposure to Solana via regulated investment products.

Source: CoinTurk News