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Solana's stablecoin supply drops $1.49B, pressuring SOL price amid ETF outflows and upcoming network upgrade.

Protocol Fundamentals
17 Oct 2026
CryptoTicker
View Source
Bearish
Solana's stablecoin supply drops $1.49B, pressuring SOL price amid ETF outflows and upcoming network upgrade.

Solana's stablecoin supply on its blockchain fell from $17.45 billion on September 25 to $15.96 billion on October 17, reducing the liquidity available for trading SOL and increasing price volatility. Concurrently, US spot ETFs on Solana have seen ten consecutive days of outflows, signaling cautious investor sentiment. The upcoming Alpenglow network upgrade on October 21 promises faster transaction finality, but the current lack of fresh stablecoin capital and ETF inflows limits upward price momentum. Key price levels to watch are $102.51 on the downside and $107.71 on the upside, with the market waiting for new buying pressure to emerge.

Solana (SOL) trades at Rp1.858.731 on Pluang as of Oct 18, 2026 01:31 WIB, showing a slight 0.24% decline over the past day. The market cap stands at Rp1.097,14 trillion with a 24-hour trading volume of Rp26,14 trillion, while order activity leans modestly towards selling at 55%. This trading environment reflects the cautious sentiment noted in the news amid stablecoin supply reductions and ETF outflows.

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