Solana Price Today: SOL Falls 1.12% to $113.91 as Liquidations Hit
- Solana (SOL) is down 1.12% at $113.91 as of Oct 8 00:20 (ET).
- SOL is down 2.76% over the past 7 days.
- Over $600 million in long liquidations hit digital asset exchanges over the past 48 hours.
- SOL moved from above $121 toward $116 during that stretch.
- U.S. spot Solana ETFs recorded consecutive daily net outflows, including $3.68 million in redemptions on October 6.
- Solana is adding stablecoin payment distribution partnerships and technical upgrades to cut slot times.
Solana is down 1.12% to $113.91, as of Oct 8 00:20 (ET). Over the past 7 days, SOL has lost 2.76%.
The drop follows a wave of long liquidations across digital asset exchanges, with elevated Treasury yields adding to a cautious mood in risk assets.
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Solana Price Today: Market Data
Key figures for SOL as of Oct 8 00:20 (ET):
Price: $113.91
Change: -1.12%
7-day change: -2.76%
Liquidations over the past 48 hours: over $600 million in long liquidations
SOL price move during the liquidations: from above $121 toward $116
U.S. spot Solana ETF flows on October 6: $3.68 million in redemptions
Readers who follow Solana price action and on-chain activity in real time can do so through the SpotX live stream.
Main News: Solana Slips as Liquidations Spread Across Crypto
Solana's decline comes amid a risk-off mood in digital assets. Elevated Treasury yields and positioning ahead of upcoming U.S. economic data added to the cautious tone.
Long positions were closed out across major crypto trading venues. The selling pressure spread into top-tier altcoins, including SOL.
Over $600 Million in Long Liquidations Pressure SOL
A broad deleveraging move over the past 48 hours triggered over $600 million in long liquidations across digital asset exchanges.
Total long liquidations: over $600 million
Window: past 48 hours
SOL price move: from above $121 toward $116
Spot Solana ETFs Record Net Outflows
U.S. spot Solana ETFs posted consecutive daily net outflows. Redemptions on October 6 totaled $3.68 million, following earlier negative sessions.
October 6 redemptions: $3.68 million
Trend: consecutive daily net outflows
Traders who monitor Solana ETF flows and wallet activity can follow live data through SpotX.
Solana Network Developments
Solana continues to expand its payments push. Major distribution partnerships aim to bring native stablecoin transfers into consumer wallets.
The network is also rolling out technical upgrades. They are designed to reduce slot times and improve transaction finality.
Payments: distribution partnerships for native stablecoin transfers in consumer wallets
Network upgrades: shorter slot times and improved transaction finality
Summary: Solana Price Today
Solana is down 1.12% at $113.91 as of Oct 8 00:20 (ET) and has lost 2.76% over 7 days. Over $600 million in long liquidations across exchanges and consecutive net outflows from U.S. spot Solana ETFs marked the past 48 hours.
Price: $113.91 (-1.12%)
7-day change: -2.76%
Liquidations: over $600 million in long positions over 48 hours
ETF flows: $3.68 million in redemptions on October 6, after earlier negative sessions
Network: stablecoin payment partnerships and upgrades to slot times and finality
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Frequently asked questions
What is the Solana price today?
Solana is at $113.91, down 1.12% as of Oct 8 00:20 (ET). It is down 2.76% over 7 days.
How much was liquidated in the crypto market?
Over $600 million in long liquidations hit digital asset exchanges over the past 48 hours.
Where did SOL trade during the liquidations?
SOL fell from above $121 toward $116.
What happened with Solana ETF flows?
U.S. spot Solana ETFs recorded consecutive daily net outflows. That included $3.68 million in redemptions on October 6.
What network updates did Solana announce?
Solana is adding distribution partnerships for native stablecoin transfers in consumer wallets. It is also rolling out technical upgrades to reduce slot times and improve transaction finality.