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. 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.

Source: crypto.news