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Solana price drops below key support amid whale sell-offs and Goldman Sachs exit from Solana ETFs.

Market News
31 May 2026
Blockonomi
View Source
Bearish
pluang ai news

Solana (SOL) has fallen from its May highs above $95 to around $82.61, nearing a critical support level at $78.17. This decline is driven by large token liquidations from whale holders and Goldman Sachs fully exiting its Solana ETF holdings, signaling reduced institutional interest. Futures market data shows declining volume and open interest, reflecting trader caution. If SOL breaks below $78.17, it could fall further toward $58, while maintaining above this level might allow a rebound toward $87.

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