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Solana ETFs see $11.1M outflow, price dips below $120 amid network upgrade and staking tax changes

Market News
01 Oct 2026
CryptoTicker
View Source
Bearish
Solana ETFs see $11.1M outflow, price dips below $120 amid network upgrade and staking tax changes

On September 30, US spot ETFs on Solana experienced a net outflow of $11.1 million, ending a strong inflow streak that had pushed Solana's price up 15.3% over 30 days. The price dropped from a daily high of $122.60 to $117.66 on October 1, reflecting selling pressure. Meanwhile, Solana is undergoing a network upgrade called Alpenglow, improving transaction finality from 12.8 seconds to 150 milliseconds, which is happening at an epoch boundary in October. For German investors, staking yields around 4.8% are taxable upon receipt, with a 256 euro threshold, influencing investment decisions. The price movement now closely follows fund flows, with key support at $110 and resistance near $122.60.

Following the recent ETF outflow and price drop noted in the news, Solana trades at Rp2.102.445 on Pluang as of October 1, 2026, 22:44 WIB, showing a 0.91% decline in one day. The market cap stands at Rp1.245,19 trillion with a 24-hour trading volume of Rp59,95 trillion. Pluang users display a balanced sentiment with 48% selling and 52% buying, holding their Solana assets for an average of 70 days.

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