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Solana spot sell volume surpasses buy volume; US Solana ETFs see net outflows for second week.

Market News
01 Nov 2026, 17:06 WIB
Tokenpost
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Bearish
Solana spot sell volume surpasses buy volume; US Solana ETFs see net outflows for second week.

Solana (SOL) spot-market sell volume has exceeded buying for the first time in over six months, signaling increased selling pressure. Concurrently, U.S. spot Solana exchange-traded funds (ETFs) recorded net outflows totaling $25.52 million for the week ending October 16, following $24.81 million in outflows the previous week. This marks two consecutive weeks of net withdrawals from these ETFs, reflecting cautious investor sentiment. The divergence between spot-market volume and ETF flows highlights separate trends in direct trading versus fund investments in Solana.

Solana's market cap stands at Rp1.015,93 trillion with a 24-hour trading volume of Rp22,56 trillion on Pluang as of November 1, 2026, 22:21 WIB. Despite the recent shift to more selling in the spot market noted in the news, Pluang's order activity still shows 70% buying against 30% selling. The price of Solana on Pluang is Rp1.723.107, down 0.83% in the last day, indicating some price pressure but continued buyer interest.

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