TLDR
- SOL traded near $97.48 on Friday after dipping to an intraday low of $92.14.
- US spot Solana ETFs saw $27.69 million in net outflows on October 29, the fourth straight day of withdrawals.
- Binance reported a $6.3 billion impact from unauthorized transactions, which TRM Labs linked to North Korea’s TraderTraitor group.
- Solana processed about 99.08 million transactions in 24 hours, even as DEX and futures volumes fell.
- Support sits at $92–$95, with resistance at $100–$103.
Solana (SOL) was trading near $97.48 on Friday, October 30, after falling to an intraday low of $92.14. The token has dropped from its late-September highs above $120.
Watcher.Guru reported that the wider crypto market was sliding. The account said SOL fell under $96, XRP under $1.25, Ether under $2,250 and Bitcoin under $78,500. It added that more than $600 million in leveraged long positions were liquidated in 30 minutes.
JUST IN: Crypto market crashing.$SOL falls under $96$XRP falls under $1.25$ETH falls under $2,250$BTC falls under $78,500
Over $600,000,000 in leveraged crypto long positions have been liquidated in the past 30 minutes. pic.twitter.com/nJRKRsOkOv
— Watcher.Guru (@WatcherGuru) October 29, 2026
Binance Hack and ETF Outflows
The sell-off follows a security breach at Binance. The exchange reported an estimated $6.3 billion impact from unauthorized transactions, which could make it the largest crypto theft on record.
Reuters reported that blockchain analytics firm TRM Labs attributed the attack to North Korea’s TraderTraitor hacking group. Binance is working with industry partners to freeze affected assets.
US spot Solana ETFs recorded about $27.69 million in net outflows on October 29, according to Coinmico. It was the fourth straight trading day of withdrawals, bringing the total to about $60.73 million.
Bitwise’s BSOL accounted for roughly $23.7 million of Thursday’s outflows. Grayscale’s GSOL saw another $4 million leave.
Cumulative inflows since launch remain positive at about $1.48 billion. Total assets under management are near $1.5 billion.
Network Activity and Adoption
DefiLlama data shows Solana processed about 99.08 million transactions over 24 hours. The network had 2.71 million active addresses.
DEX volume reached about $1.71 billion, and total value locked in DeFi protocols stood at $5.46 billion. Seven-day DEX volume fell 17.9%, while weekly perpetual futures volume dropped about 52.9%.
Solana’s stablecoin market cap is near $15.17 billion, down 3.19% over seven days.
In October, Samsung said it plans to add USDC transfers on Solana to Samsung Wallet. The feature would reach about 82 million Galaxy devices in the US. The Solana Foundation also introduced delivery-versus-payment infrastructure for institutional settlement of tokenized assets.
On the daily chart, SOL is near an ascending trendline that began with a low around $60 in June. The $92–$95 zone is the key support area. The RSI reads 34.96, and the MACD sits at -3.17, below its signal line at -2.53.
Resistance sits at $100–$103, followed by $108–$110 and $120–$125. If $92 fails, the next support area is $77–$82.
Solana was last trading at $97.48, recovering from the $92.14 low.
