Solana has fallen to its lowest level in four weeks. Over 28 days, the SOL token has lost 22.9%. The data was recorded on November 10, at 18:50 Moscow time.
Solana is a blockchain, and its own token trades under the ticker SOL. Bitcoin declined less over the same period, meaning SOL's drop is deeper.
At the same time, money was flowing out of exchange-traded funds on SOL. An exchange-traded fund is a wrapper through which an investor buys an asset like a regular stock without setting up a wallet. For a trader, this is a story about risk: SOL moves faster than Bitcoin in both directions.
How deep did SOL fall?
- 22.9% - the decline in SOL over 28 days
- Four-week low - where the price stands now
- November 10, 18:50 Moscow time - the time the data was taken
A simple takeaway from the number. Any purchase of SOL over the past month is now at a loss if it wasn't closed earlier.
Why has the buyer disappeared?
The outflow unfolded over two days. Outflows from Solana funds were recorded on November 6 and 9, that is, two sessions in a row rather than a single day.
- Funds are giving back money. Institutional buyers are withdrawing funds from exchange-traded funds on SOL.
- Spot is left without support. The price loses the steady buyer that usually supports it regardless of sentiment in the order book.
What does this mean for a trader?
The amplitude is higher. SOL falls faster than Bitcoin, which means it also moves with a larger swing in both directions.
You can check which market and volume suit your style in the challenge calculator.
Key point: a position size that is comfortable in BTC gives noticeably different risk in SOL - at the same percentage market move, the account swings harder.
What happens next?
- Four-week low - whether it holds or the price goes lower
- Flows into SOL funds - whether the outflow continues or an inflow begins
How to read these days. Each new day with an outflow continues the same picture. An inflow changes it.
We break down how prop firm trading accounts work in the academy.
Been watching SOL bleed for a fourth week?
Twenty-three percent in one direction over a month is a workable range. Moves like that make money both on shorts and on rebounds. The question is always the notional: a thousand dollars and a hundred thousand give different results with the same analysis. Prop firms trade their own capital through traders: you pass a paid evaluation, get the company's trading volume, and split the profit under the agreement. It's calmer to understand the mechanics now than in the next month like this.