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Crypto & Bitcoin

Solana price falls below $100 as ETFs lose $24.8M in two days

Reported by Olivia Stephanie, crypto.news

Image: crypto.news

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.

This is an excerpt. The reporting belongs to crypto.news.

Read the full report on crypto.news
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