Solana price stays below USD 90 as ETF outflows weigh on demand
Published on 11/06/2026 at 18:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSolana balances upgrades and outflows
- Solana traded at USD 89.656 on the Investing.com page read on November 6, while a recent analysis placed SOL below USD 90 after more than 6% losses.
- FXStreet reported USD 1.18 million of SOL ETF outflows on Thursday after USD 71.47 million left the products in the previous week.
- The Solana Foundation said Alpenglow went live on mainnet on October 21, targeting approximately 150-millisecond finality.
- October network data included USD 5 billion in real-world-asset value and USD 60 billion in decentralized-exchange volume, according to the foundation.
Solana price remains under pressure as weaker investment demand contrasts with continued development on the blockchain. The Investing.com Solana page read on November 6 displayed SOL at USD 89.656, with a 24-hour volume of USD 4.59 billion, a market capitalization of USD 52.91 billion and a rank of 7. The page also showed a circulating supply of 590.29 million SOL. Because the page did not provide a dated UTC closing basis, its displayed move is not treated here as a verified UTC day-on-day percentage.
A recent FXStreet analysis published by TradingKey said SOL was trading below USD 90 on November 6 after losing more than 6% on the previous day. It reported USD 1.18 million in withdrawals from SOL-focused exchange-traded funds on Thursday, following USD 71.47 million of outflows in the week ended October 30. The report also said SOL futures open interest had fallen to 59.45 million SOL from 62.71 million on Monday, while Thursday liquidations totaled USD 42.87 million, including USD 39.37 million in long positions.
Demand remains the near-term test
For investors, the recent flow data point to a demand problem rather than a change in Solana's technology alone. ETF withdrawals and lower derivatives exposure can limit the buying support available during a broad market sell-off. FXStreet described SOL as extending a sixth consecutive week of decline and identified USD 89.83 as a technical support area, with USD 87.21 as a further level to watch. These are scenario markers, not forecasts or investment recommendations.
Network progress offers a counterpoint
The Solana Foundation's October roundup said the Alpenglow upgrade went live on mainnet on October 21 and targets finality of approximately 150 milliseconds. It also reported that target slot times were reduced to 200 milliseconds on October 9. The foundation listed USD 5 billion in real-world-asset value, USD 60 billion in decentralized-exchange volume and 14 million stablecoin-holding addresses for October.
A November 5 engineering changelog added new client releases and ongoing work on validator software, RPC performance and developer tooling. That progress may strengthen the network's long-term proposition, but it does not remove the immediate market test: whether demand can stabilize while ETF flows and leveraged positioning remain weak.
More Solana coverage is available on the Solana topic page.
