Solana weekly loss widens to 12% as Tuesday selling picks up

Solana ($SOL) fell 5.2% in 24 hours to $81.90 as of 12:46 p.m. ET on Tuesday, taking its weekly loss to about 12%.

The Solana weekly loss grew on Tuesday. Solana ($SOL) traded at $81.90 as of 12:46 p.m. ET, down 5.2% in 24 hours, according to CoinGecko. That leaves the token about 12% lower than a week ago.

The quick take

Price: $81.90, -5.2% ↓ in 24 hours (CoinGecko, 12:46 p.m. ET)
Trigger: a broad crypto pullback, with $ETH down 4.5% and $BTC down 2.0% over the same day
Watch: the 24-hour low of $81.59, which sits just under the current price

What happened

$SOL started the window near $87 on Binance’s SOL/USDT pair and slid in steps. The sharpest leg came in late morning New York time, when the pair lost about $2 in a single hour. CoinGecko puts the 24-hour range at $81.59 to $86.96, so the token trades close to its low.

Jupiter’s price feed agrees on the day, at $81.88 and 5.2% lower. Over seven days, CoinGecko’s two readings show a drop of 12.4% to 12.6%. The token now sits about 72% below its record of $293.31 from January 2025.

Why it moved

No single Solana event explains the drop. The move lines up with a market-wide retreat: $ETH fell 4.5% and $BTC fell 2.0% in 24 hours, per LiveCoinWatch.

The day’s Solana headlines were mostly about building. Decrypt reported that Jupiter Exchange ($JUP) is rolling out four new products this week. SolanaFloor reported pushback from independent validators over changes to the Solana Foundation’s delegation program. Neither story points to a cause of the price drop.

Who’s buying and selling

Trading stayed busy. CoinGecko counts $2.8 billion in $SOL volume over 24 hours, against a market value of $48.5 billion.

On the largest Solana pool, the SOL/USDC pair on Orca DEX, DexScreener shows 39,742 buys and 38,701 sells. That is a near even split, and GeckoTerminal gives almost the same count. Across the chain, DefiLlama shows $1.49 billion in 24-hour DEX volume and $4.98 billion in DeFi deposits.

What to watch next

The first level to watch is the 24-hour low of $81.59. A close look at deposits matters too, since DeFi value on Solana moves with the token’s price.

Solana Breakpoint, the network’s yearly conference, starts on Nov. 15, according to Decrypt. Several teams plan launches before it, so news flow may pick up this week.

Bottom line: Solana is down about 12% on the week, and Tuesday’s 5.2% drop moved in step with a broad crypto pullback.