Solana Friday sell-off drags the token to a $78.10 daily low

The quick take

Price: $SOL $80.22, -1.4% ↓ in 24 hours, as of 12:41 p.m. ET (CoinGecko).
Trigger: A market-wide sell-off and about $1.64 billion in liquidations, CoinDesk reported, citing CoinGlass.
Watch: Friday’s $78.10 low, the Fed’s Nov. 18 minutes and Solana fund flows after six weeks of outflows.

Solana ($SOL) touched a 24-hour low of $78.10 on Nov. 13 as the Solana Friday sell-off tracked a broad drop across crypto, CoinGecko data show. The token later climbed back above $80.

What happened

At 12:41 p.m. ET (17:41 UTC), $SOL traded at $80.22, according to CoinGecko. That is down 1.4% in 24 hours and 12.2% over seven days. Its 24-hour high was $82.16.

Jupiter’s price for the token matched CoinGecko’s within 0.1%. SolanaFloor reported at 14:07 UTC that $SOL slid from about $83 to about $78 during the morning drop. Decrypt also reported $SOL dipping under $80 as the selling reached other large coins.

Why it moved

CoinDesk tied the slide to a rally in the U.S. dollar. Its Dollar Index rose above 103, the highest since April 2025, as traders priced in a Federal Reserve rate hike. Decrypt cited CME FedWatch odds of 91.9% for a quarter-point hike at the Dec. 8-9 meeting.

Leverage made the drop sharper. Traders lost about $1.64 billion to forced liquidations over 24 hours, and about 88.7% of that came from long bets, CoinDesk reported, citing CoinGlass. SolanaFloor put the total at $1.65 billion.

The selling was not limited to Solana. Bitcoin ($BTC) stood at $68,872, down 4.1%, and Ether ($ETH) at $1,936, down 3.7%, according to LiveCoinWatch at 17:41 UTC.

Who’s buying and selling

Futures traders stepped back. Open interest in $SOL futures fell 8.6%, CoinDesk reported, which means fewer bets stayed open.

Fund investors pulled money too. Solana exchange-traded funds posted $1.92 million in net outflows on Nov. 12, their sixth straight week of outflows, SolanaFloor reported, citing SoSoValue.

On-chain activity held up. Solana DeFi apps held $4.97 billion in deposits, and Solana DEXs handled $1.5 billion in trades over 24 hours, DefiLlama data show.

What to watch next

Decrypt pointed to two dates: the Fed’s Nov. 18 meeting minutes and the Nov. 25 PCE inflation report. Both could shift bets on a December hike, and with them the mood across crypto.

For $SOL, Friday’s $78.10 low is the first level traders will check. Solana fund flows next week will show whether the outflow streak ends.

Bottom line: $SOL slid with the wider market on Friday as a stronger dollar and forced selling hit crypto.