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Solana (SOL) Price Today: SOL Holds $94 as ETF Outflows Hit Record – Daily Market Update Nov 2, 2026
Good morning, Solana Family! Here is your daily SOL market briefing for Monday, November 2, 2026 (data as of ~12:20 UTC). **SOL PRICE SNAPSHOT** - SOL/USDT: $94.63 | SOL/USDC: $94.54 (Kraken spot) - 24h change: roughly flat, about -0.2% (CoinGecko, $94.43) - 24h range: $93.10 - $95.86 - Market cap: ~$55.7B (#7) | 24h volume: ~$2.1B - 7 days: about -7% | October: -19.3%, a fifth straight weekly loss **TOP STORIES OF THE LAST 24 HOURS** 1. Record ETF outflows. US spot Solana ETFs lost about $71.5M last week, the biggest weekly withdrawal since launch and the fourth straight week of outflows. The worst day was Oct 29 (-$27.7M, mostly from Bitwise BSOL). Total ETF assets dropped to about $1.4B, but cumulative net inflows since launch are still positive at roughly $1.47B. 2. Whale supply on exchanges. On-chain trackers spotted a wallet linked to Fireblocks custody moving about 1.49M SOL (~$149M) to Bybit, OKX, Kraken, Gate, Bitstamp and Bullish over 10 days. About $111M more went to Coinbase Institutional on Oct 31. Moving coins to an exchange doesn't always mean selling, but it adds potential sell pressure. 3. Hong Kong stablecoin expansion. Anchorpoint and the Solana Foundation are bringing HKDAP, a Hong Kong dollar stablecoin, to Solana with native minting and redemption. Reports link the deal to Standard Chartered. 4. Institutional momentum continues. Solana real-world-asset (RWA) value hit a new all-time high above $5B. Google previewed an institutional multi-party-compute custody platform. Samsung Wallet's USDC cross-border transfers on Solana began rolling out to US Galaxy users in late October. 5. Network health. Alpenglow has been live since Oct 21 and cut finality from ~12.8s to ~150ms. Validator votes no longer count as transactions, so expect lower reported TPS figures; that is a change in how they're counted, not a drop in usage. Validator operators were also told to filter traffic while a Linux kernel flaw remains unpatched, so keep your nodes updated. 6. Coming up: Breakpoint 2026 in London, Nov 15-17. **TECHNICAL PICTURE** - SOL trades below its 20, 50, 100 and 200-day EMAs (~$101 / $104 / $100 / $98), which keeps the trend bearish. - RSI is about 29-31, close to oversold, which often comes before relief bounces. - Support: $93.20-$92.00, then $88.40 and $85. - Resistance: $97.80-$98.20, then the psychological $100 level. - Derivatives: futures volume rose about 94% while open interest slipped 2% to $5.7B. Long/short is near 1.0, and liquidations were small (~$7M, mostly longs). **SENTIMENT FOR THE NEXT 24 HOURS: NEUTRAL TO SLIGHTLY BEARISH** The headline trend is still down. ETF money is leaving, whales are sending SOL to exchanges, and Bitcoin is stuck below $80K. On the other side, momentum indicators are close to oversold, open interest is cooling without heavy liquidations, and the fundamentals (Alpenglow, RWA highs, stablecoin and bank integrations) keep getting stronger. Our base case is sideways chop between $92 and $98. If $92 breaks on a daily close, $88-$85 opens up. If SOL reclaims $98-$100, it could start a short-squeeze relief rally. Watch the daily ETF flow print and BTC's reaction around $78-80K. Stay safe, size your positions and zoom out. The builders keep building. _This post is for information only and is not financial advice._ Sources: SolanaFloor, Solana.com News, Decrypt, Cointelegraph, CoinCentral, CoinGabbar, The Coin Republic, Cryptopolitan, CoinGecko, Kraken.