Solana price stays below USD 100 as ETF outflows hit record

Published on 11/04/2026 at 18:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Solana price remained below USD 100 as record weekly ETF outflows added to demand concerns. Network releases and rising stablecoin activity offered a counterpoint for investors assessing longer-term adoption.

Demand pressure meets network progress

Solana traded below USD 100 for a fourth consecutive day on November 4, according to PrimeXBT.
PrimeXBT reported record weekly Solana ETF outflows of USD 71.47 million for the week ended October 30.
Solana's October 29 engineering update listed new Agave and Firedancer releases and the release of offchain message signing.

Solana, XCCRYPTOSOL6, Illustration mit AI erstellt.

Solana price remained below USD 100 for a fourth consecutive day on November 4, as investors weighed persistent fund outflows against continued network development. PrimeXBT reported SOL at USD 92.95 at press time, after a 1.7 percent 24-hour gain. The article did not identify a compatible UTC previous-day close, so no UTC daily percentage change is derived here.

ETF demand remains a headwind

According to PrimeXBT, Solana ETFs recorded their largest weekly withdrawal to date in the week ended October 30, with net outflows of USD 71.47 million. The report also cited earlier weekly outflows of USD 17.30 million, USD 25.52 million and USD 24.81 million. These figures point to weaker recent demand for listed SOL exposure, although they do not by themselves establish the cause of the token's price movement.

The same report said open interest declined from about USD 6.5 billion on October 29 to approximately USD 5.7 billion by November 4. PrimeXBT also cited data showing monthly card spending on Solana reached a record USD 141 million on October 31, while stablecoin holder addresses rose to 14 million by October 2026. Those indicators provide a mixed picture: derivatives positioning weakened while payment and stablecoin usage expanded.

Engineering activity continues

Solana's technical roadmap remains active. In its October 29 changelog, the Solana Foundation listed Agave v4.4.0, Firedancer Mainnet Release v26.10.5 and the release of offchain message signing. The update also described work on validator performance, transaction handling and development tooling.

For investors, the contrast is material: near-term flows are a source of pressure, while the protocol continues to add infrastructure and application support. The Solana price therefore remains sensitive to both crypto-market liquidity and evidence that network activity can broaden beyond speculative trading. Neither the cited ETF outflows nor the development releases alone determine the next move in SOL.