Key Insights
- Solana price fell 3.6% in 24 hours as Grayscale’s SOL ETF accumulated $20.2 million over 20 days.
- The US Spot SOL ETF recorded $24.81 million in combined outflows between October 5 and 9.
- The token also led tokenized-equity spot DEX volume with $786.3 million during October 5–11.
Solana price stood at $106.30 after falling 3.6% in 24 hours at a time when Grayscale’s Solana ETF, GSOL, accumulated $20.2 million worth of SOL over 20 days. CoinGecko recorded a 24-hour low of $102.19 and a high of $110.55 during trading. The $106.30 reference price sat $4.11 above the low and $4.25 below the high.
Solana price charts showed an early drop toward $103, a rebound above $108, and a later pullback. CoinGecko also showed $4.21 billion in 24-hour trading volume and $9.60 billion in perpetual open interest.
Solana Price Falls as Grayscale’s SOL ETF Flows Diverge
CoinGecko’s other time frames showed mixed returns. Solana price fell 11.7% over seven days and 11.1% over 14 days. However, the token remained 6.7% higher over 30 days.
Notably, the 20-day GSOL accumulation included one outflow day. VanEck’s VSOL, meanwhile, sold $700,000 worth of SOL on October 12, when GSOL did not sell.
Across SOL ETFs, combined net outflows reached $24.81 million during the week of October 5–9 per SosoValue.
Grayscale’s displayed portfolio included assets beyond SOL. Its Bitcoin holdings totaled 192,278 BTC, valued at $16.07 billion, or about 92% of the shown portfolio. The display listed 304,693 ETH worth $770.36 million and 382,025 ZEC worth $462.25 million.
Other visible positions included Chainlink, Avalanche, and Pyth Network. The stated Ethereum and Zcash values combine to $1.23261 billion. The remaining displayed holdings represented about 8% of the portfolio, given Bitcoin’s roughly 92% share.
Solana Tops Weekly Tokenized-Equity Spot DEX Data
On the tokenization end, Solana ranked first in tokenized-equity spot DEX volume for October 5–11, according to the chart. The network recorded $786.3 million, ahead of Robinhood’s $663.0 million and BNB Chain’s $623.3 million. Base followed with $445.5 million.
Solana’s lead over Robinhood measured $123.3 million. Its volume exceeded BNB Chain by $163.0 million and Base by $340.8 million. Combined weekly volume across the listed networks reached $2.54 billion, with Solana accounting for about 31%.
The four largest entries sum to $2.5181 billion, or roughly 99% of the chart’s $2.54 billion total. The October 5–11 result ended Solana’s 13-week stretch without the top spot. The same chart showed $12.0 million in Ethereum volume and $7.9 million for HyperCore.
Analyst Compares Current Solana Price With Previous Setup
Elsewhere, on the commentary end, analyst 0xSweep described a bullish divergence on SOL’s four-hour chart and compared it with an earlier pattern near $96. That setup preceded a move toward $124, a rise of roughly 29%, rounded to 30% in the comparison.
The current chart shows SOL making a lower low while its relative strength index forms a higher low. That pattern can signal weakening selling pressure. The displayed RSI stood at 38.28, or 11.72 points below 50 and 3.44 points below its 41.72 average.
The chart identifies $112 as the first area SOL would need to reclaim. Resistance appears around $120 to $124. From $106.30, the $112 level is $5.70 higher, while that resistance band sits $13.70 to $17.70 above.
Reaching $112 from $106.30 requires a 5.36% increase; $120 requires 12.89%, and $124 requires 16.65%. A 30% rise from the cited $106.30 price would place SOL at $138.19, a $31.89 increase.
