Solana (SOL) update - Oct 9, 2026:
Price Today
Current: ∼$109 - $110.22 - Big volatile day
Day range: $105.71 - $115.95, opened at $115.92, now down -4.91% to -6%. Other trackers showing $109.44 down -6.64% on OKX.
Market cap: ∼$67.76B, volume ∼$4.96B in 24h.
In India: ~Rs.10,643 down 5.08% today.
Down Slide from ATH of $295.9 on Jan 19, 2025.
What's Happening
1. ETF outflows pressuring price:
U.S. spot Solana ETFs saw $3.7M net outflows on Oct 6, second straight day of withdrawals, with Grayscale Solana Trust as main contributor.
No fund posted an inflow. 6 funds - BSOL, V sol, FSOL, TSOL, SOEZ, MSOL - had no net flow.
Past 5 trading days: $25.2M net outflows. On Oct 5, all three major crypto ETF categories (BTC, ETH, SOL) saw $117.9M combined outflows.
Price broke $116 support on Oct 8, trading near $112, now testing $112.97 - $119.79 range with risk down to $106 if support fails.
2. Positive: First staking payout from ETF
VanEck Solana ETF announced $964,960 inaugural cash distribution from staking income to shareholders of record Oct 6, payable Oct 7. Distributions will be at least quarterly. This is a first for SOL ETFs.
3. Ecosystem:
Backpack launched tokenized Brazil ETF $EWZ on Solana Oct 5, now 300k+ holders for its tokenized stocks.
SOL is getting squeezed between great long-term institutional rails (staking ETFs paying yield, tokenized stocks) and short-term outflow pressure. Key level to watch: hold $107 Super trend, else $106 is next.
You tracking SOL for trade or long hold?
please like share and follow
Price Today
Current: ∼$109 - $110.22 - Big volatile day
Day range: $105.71 - $115.95, opened at $115.92, now down -4.91% to -6%. Other trackers showing $109.44 down -6.64% on OKX.
Market cap: ∼$67.76B, volume ∼$4.96B in 24h.
In India: ~Rs.10,643 down 5.08% today.
Down Slide from ATH of $295.9 on Jan 19, 2025.
What's Happening
1. ETF outflows pressuring price:
U.S. spot Solana ETFs saw $3.7M net outflows on Oct 6, second straight day of withdrawals, with Grayscale Solana Trust as main contributor.
No fund posted an inflow. 6 funds - BSOL, V sol, FSOL, TSOL, SOEZ, MSOL - had no net flow.
Past 5 trading days: $25.2M net outflows. On Oct 5, all three major crypto ETF categories (BTC, ETH, SOL) saw $117.9M combined outflows.
Price broke $116 support on Oct 8, trading near $112, now testing $112.97 - $119.79 range with risk down to $106 if support fails.
2. Positive: First staking payout from ETF
VanEck Solana ETF announced $964,960 inaugural cash distribution from staking income to shareholders of record Oct 6, payable Oct 7. Distributions will be at least quarterly. This is a first for SOL ETFs.
3. Ecosystem:
Backpack launched tokenized Brazil ETF $EWZ on Solana Oct 5, now 300k+ holders for its tokenized stocks.
SOL is getting squeezed between great long-term institutional rails (staking ETFs paying yield, tokenized stocks) and short-term outflow pressure. Key level to watch: hold $107 Super trend, else $106 is next.
You tracking SOL for trade or long hold?
please like share and follow