Overview
- Roughly 1.40 million SOL, worth about $110 million, flowed to centralized exchanges over 72 hours, a shift analysts often read as preparation to sell.
- Charts now show a confirmed break from a bear-flag pattern and a lost structure near $85, with a bearish 4‑hour crossover where the 20‑period average fell below the 50‑period line.
- SOL trades around $79–$81 with daily volume above $1.68 billion, and traders are watching $77 as first support with deeper interest between $66 and $70 if that level gives way.
- A $285 million exploit on the Drift Protocol has dented confidence, and Solana’s total value locked fell from about $9 billion to roughly $5.5–$6 billion in recent weeks.
- Institutional signals look mixed, with a $5.24 million net weekly outflow from SOL ETFs even as SoFi launches an enterprise banking platform on Solana and tokenized real‑world assets on the network top $2 billion.