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Solana (SOL) Price Today: SOL Slips to $95.8 as ETF Outflows Weigh – Daily Market Update Oct 31, 2026
**Solana Family Daily Market Update – Saturday, October 31, 2026** **SOL price snapshot (12:15 UTC)** - SOL/USDT & SOL/USDC: ~$95.80 - 24h change: about -0.9% (other venues show up to -2.1%) - 24h range: $93.78 – $96.92 - 24h volume: ~$2.9B | Market cap: ~$56.5B - For context: BTC ~$77.5K (+0.1%), ETH ~$2,245 (+0.3%). SOL is underperforming the majors today. SOL is closing October down roughly 20% for the month (it was above $121 on Oct 4). Price is now testing the bottom of its Bollinger range, with the daily RSI near 31, right at the edge of oversold. **Today's top Solana stories** **1. Spot SOL ETFs keep bleeding.** US spot Solana ETFs saw $19.2M of outflows on Oct 27 (the biggest single day since December 2025) and another $5.7M on Oct 28. October outflows now total around $100M+. Bitwise's BSOL, which holds about 80% of the market, accounts for most of the selling. Cumulative net inflows are still around $1.5B, so long-term holders have not left, but the monthly flow trend is clearly negative. **2. Alpenglow is live, but the market hasn't priced it in yet.** The biggest consensus upgrade in Solana's history activated on Oct 21, replacing TowerBFT with Votor. Target finality drops from ~12.8s to ~150ms (early measured median ~400ms). Vote transactions moved off-chain, so headline TPS numbers fell, but non-vote activity is holding near 2,500 tx/s. Rotor and Quantumglow still have no activation dates. **3. Firedancer adds a 1 SOL bug-report fee.** Jump Crypto now requires researchers to burn 1 SOL to file a Firedancer bug-bounty report, after a flood of AI-generated submissions clogged the review queue. Alpenglow-related bugs get triple rewards through Nov 20, with critical payouts up to $300K. **4. Institutional and payments adoption continues.** Standard Chartered-backed Anchorpoint plans to bring Hong Kong's HKDAP stablecoin to Solana. Samsung Wallet's USDC cross-border transfers on Solana are rolling out. DeFi Development Corp added 5,346 SOL to its treasury (~2.6M SOL total). On the other side, SkyAI has fully exited its SOL treasury strategy. **5. On-chain activity is cooling.** DEX volume fell ~24% week over week to about $1.85B/day, and network fees dropped ~19%. Stablecoins on Solana sit near $15.9B (down from a $17.3B record in September), and DeFi TVL is about $5.9B. One large wallet sold about 1.02M SOL (~$104M) over five days, adding to sell pressure. **6. Macro backdrop.** The Fed held rates at 3.75–4.00% on Oct 28, with two members dissenting in favor of a hike. Markets are now pricing possible hikes ahead, which keeps risk assets under pressure. **Key levels to watch** - Support: $93.6, then $91.3, then the 200-day SMA near $88.9 - Resistance: $98.3, then $100.5 (psychological level), then $103–105 - Moving averages: 7-day ~$99, 20-day ~$103, 50-day ~$109. SOL is trading below all of them. - Futures: open interest is falling and funding is slightly negative, meaning leverage is being flushed and shorts are paying. **Sentiment for the next 24 hours: Neutral to slightly bearish** The trend is still down: ETF outflows, weaker on-chain activity and price below every short-term moving average. However, RSI near 30, price below the lower Bollinger Band, negative funding and a quiet weekend set up a possible relief bounce. Base case: SOL ranges between $92 and $99. A daily close above $100 would flip the short-term picture to neutral or bullish. Losing $91 opens the door to the $88–89 area (200-day SMA). Expect low weekend liquidity and sharp wicks in both directions. The fundamentals (Alpenglow, payments, stablecoin and tokenized-asset growth) keep improving even while price cools off. Breakpoint 2026 in London (Nov 15–17) is the next big catalyst on the calendar. *This is market commentary for the Solana Family community, not financial advice. Always do your own research and manage your risk.* Sources: SolanaFloor, Solana.com News, Decrypt, Cointelegraph, crypto.news, TradingNews, Crypto.com, CoinCentral, Blockchain.News, CoinGecko.