Solana’s November Price Plunge: Why SOL Fell to $166 Despite Massive ETF Inflows
Solana fell 11% on Nov 3, 2025, dropping to about $166 after a week-long 20% slide, despite the launch of two U.S. spot Solana ETFs that drew $421 million in inflows. Market cap stands near $87 billion, with 24-hour trading at $9–10 billion. The decline tracked a broader crypto sell-off, with Bitcoin and Ethereum also down. Analysts cite risk-off sentiment and heavy liquidations as key drivers.