Solana Price Today, November 17, 2025: SOL Trades Around $130 as ETF Boom Meets Market Fear

As of press time on November 17, 2025, Solana (SOL) is trading in the ~$130–$131 range, down roughly 4% over the last 24 hours and more than 20% over the past week, according to major price trackers including CoinMarketCap, CoinGecko and CryptoRank. ^[1]

Despite the pullback, Solana remains one of the largest cryptocurrencies in the world, sitting around #6–7 by market cap with roughly $72–73 billion in value and a circulating supply near 554 million SOL. ^[2]

At the same time, Solana is at the center of a major institutional story:

VanEck’s new Solana ETF (VSOL) began trading today with zero sponsor fees on its first $1 billion in assets, and includes on‑chain staking. ^[3]
Fidelity has filed final paperwork for its own Solana spot ETF, a move that typically comes just before trading begins. ^[4]

Below is a full look at Solana’s price, today’s key news, and what traders are watching next.

Solana price today: volatile session between $129 and $143

Across leading exchanges and data providers, Solana is hovering just above $130:

CoinMarketCap lists SOL around $130.27, down about 3.9% in the last 24 hours, with 24h trading volume above $7.4 billion and a market cap of roughly $72.2 billion. ^[5]
CoinGecko shows a very similar picture, with SOL at about $130.12, off 4% day‑on‑day and down over 22% compared with last week, on roughly $7.7 billion in 24-hour volume. ^[6]
Crypto.news and other live tickers also have SOL trading around $130.4–$130.5, confirming that spot markets are tightly clustered in this zone. ^[7]

Intraday, SOL has traded roughly between $129 and $143, based on ranges reported by Investing.com, Gate.io and Binance‑pegged SOL markets. ^[8]

On a daily reference basis, index providers like YCharts and Investing.com show recent closes in the mid‑$130s to low‑$140s, down sharply from above $180 earlier in November. ^[9]

In short:

Price today: ~$130–$131
Daily move: around ‑4%
Weekly move: around ‑20–22%
Market cap: about $72–73B
Rank: still firmly in top 10 crypto assets globally ^[10]

Macro backdrop: Bitcoin breaks $93K and drags majors lower

Solana’s weakness today is happening against a broad risk‑off move in crypto:

Bitcoin fell below $93,000, hitting a new six‑month low and erasing all of its 2025 gains. ^[11]
A companion analysis from CoinDesk notes that ETH, XRP, SOL and ADA have all dropped roughly 8–16% over the past week, underscoring how broad the sell‑off has been across large‑cap altcoins. ^[12]
Stronger‑than‑expected U.S. economic data has pushed traders to scale back expectations for interest‑rate cuts, adding pressure to speculative assets like crypto. ^[13]

This macro backdrop helps explain why SOL’s strong fundamental and institutional news today hasn’t yet translated into a sustained price rally. Risk sentiment is fragile, and that’s weighing on even the strongest narratives.

ETF wave: VanEck’s VSOL launches, Fidelity files final documents

VanEck’s Solana ETF (VSOL) goes live with zero sponsor fee

A major part of today’s Solana story is the official launch of VanEck’s Solana ETF (ticker: VSOL).

According to VanEck’s own press release: ^[14]

VSOL is a spot Solana ETF designed to track the price of SOL.
It also stakes a portion of its SOL holdings, so investors gain exposure not only to price movements but also to staking rewards from helping secure the Solana network.
VanEck is waiving the 0.30% sponsor fee on the first $1 billion in assets until February 17, 2026. During this same period, the ETF’s third‑party staking provider is also waiving its fee. ^[15]
The fund trades on Cboe (VSOL) and joins VanEck’s existing Bitcoin (HODL) and Ethereum (ETHV) spot ETFs. ^[16]

Coinspeaker describes VSOL as the second U.S. spot Solana staking ETF, noting that the launch announcement coincided with a modest intraday bounce of about 3.2% in SOL, even though the broader market remained under pressure. ^[17]

SOL Strategies powers staking for VSOL

On the infrastructure side, SOL Strategies Inc. announced that it has been selected as a staking provider for VanEck’s Solana ETF, using its Orangefin validator. ^[18]

Key points from the company’s press release:

SOL Strategies describes itself as “the first publicly traded company to combine a substantial Solana treasury with a revenue‑generating validator business.” ^[19]
The firm runs ISO 27001 and SOC 2‑certified validators that currently secure over CAD $610 million in staked assets, underscoring the institutional‑grade infrastructure behind VSOL. ^[20]

This effectively institutionalizes Solana staking inside a regulated ETF wrapper, a notable evolution from early spot Bitcoin ETFs that offered only price exposure without yield.

Fidelity’s Solana ETF looks “imminent”

The other big story today: Fidelity is on the verge of launching its own Solana spot ETF.

Coinspeaker reports that Fidelity (with roughly $6.4 trillion in assets under management) filed a Form 8‑A with the U.S. SEC for its Solana ETF this morning, a filing that is typically the last administrative step immediately before trading begins. ^[21]

Historically, such 8‑A filings are followed by ETF listing activity within about 24 hours, although regulators are not strictly bound to that timeline. ^[22]

Fidelity already runs large spot Bitcoin and Ethereum ETFs that collectively hold over $14 billion in assets, according to the same report. If even a fraction of that demand flows into a Solana product, it could become a major price driver for SOL over the medium term. ^[23]

Corporate treasuries double down: Forward Industries and Solana‑backed balance sheets

Beyond ETFs, public companies with Solana‑heavy treasuries are back in the headlines today.

Forward Industries: 6.9 million SOL and a ticker change

In a detailed treasury update, Forward Industries (NASDAQ: FWDI) — now branding itself as a “leading Solana treasury company” — reported that as of November 15, 2025 it holds 6,910,568 SOL, almost all of which is staked. ^[24]

Other notable details:

Forward says it has purchased about 6.83 million SOL at a net cost of $232 per token since inception — a total of roughly $1.59 billion deployed into Solana. ^[25]
Its validator infrastructure has delivered a gross staking yield of around 6.82% APY before fees. ^[26]
The firm has just changed its Nasdaq ticker from FORD to FWDI effective today (Nov. 17) and announced a new $1 billion share repurchase program, signaling strong conviction in both Solana and its treasury strategy. ^[27]

Sharps Technology: stock trades below implied Solana treasury value

Meanwhile, Sharps Technology — another company tying its corporate strategy to a Solana treasury — saw its stock hit a record low, leaving its market capitalization below the implied value of its SOL holdings, according to reporting from The Block. ^[28]

Together, these stories highlight how “Solana‑treasury” companies are emerging as a theme: publicly‑listed equities whose valuations are increasingly linked to their SOL exposure, not just their underlying operating businesses.

Technical picture: oversold, but key supports are under attack

Technical analysts covering Solana today largely agree on two points:

SOL is in oversold territory, and
Bulls still have work to do to reclaim broken support levels.

Oversold readings and major resistance bands

An analysis from The Crypto Basic notes that: ^[29]

SOL has fallen from highs near $169 to lows around $135 over the last week, a slide of roughly 15–16%.
Over the past month, the token is down about 24%.
The Relative Strength Index (RSI) sits in the low‑to‑mid 30s, signaling oversold conditions.
Price is trading below a key zone near $146, with major resistance levels highlighted around $160 and $168–170. Analysts suggest that a decisive break back above these levels would be needed to confirm a meaningful bullish reversal.

Another widely cited view from Coinpedia points out that SOL recently lost support around $149–150 and its 7‑day moving average near $148, with the daily RSI dipping below 30, again flagging an oversold but fragile setup. ^[30]

Deep downside scenarios: $126, $112, even sub‑$100?

Short‑term traders are watching a cluster of potential downside levels:

$140 zone: Multiple analyses describe the $140–$143 band as the first key support that bulls need to defend. ^[31]
$126 “sweep” zone: Bitcoinsensus suggests SOL could briefly dip toward $126 to sweep liquidity before mounting a bullish reversal, echoing a pattern seen in previous cycles. ^[32]
$112 support: A Crypto.news study points to a bearish “imbalance” on the chart, arguing that a breakdown below $146 opens the door to a test of deeper support near $112 if selling continues. ^[33]
Sub‑$100 risk: The Crypto Basic piece highlights a do‑or‑die support zone just below $141; if that fails decisively, one downside scenario includes targets around $95–100 before any long‑term recovery. ^[34]

In other words, technicals are flashing “oversold but risky.” Bulls can point to exhaustion selling and ETF‑driven demand; bears can point to broken structure and still‑untested lower supports.

None of these levels are guarantees — they’re scenarios analysts are watching, not certainties.

Sentiment: fear spikes, but some call Solana “undervalued”

On the sentiment side, today’s headlines are a study in contrasts.

Fear and low sentiment indexes

CoinCentral reports that Solana’s sentiment index has fallen to its lowest reading since February, reflecting a spike in fear as SOL slides below $150 and broader crypto markets lose over $1 trillion in value in six weeks. ^[35]

At the same time, this fear is helping fuel risk‑on behavior in high‑beta altcoins and presale tokens, with projects like DeepSnitch AI attracting attention even as majors like SOL pull back. ^[36]

Developers and institutions argue SOL is mispriced

On the other side of the debate, several influential voices insist Solana is being undervalued at current levels.

A Coinspeaker/Yahoo‑syndicated piece titled “Solana Is Undervalued, Top Developer Claims” highlights comments from SOL core builder Mert Mumtaz, who argues that the market is not fully pricing in Solana’s network usage and on‑chain activity. ^[37]
Another Coinspeaker analysis quotes Anthony Bassili, president of Coinbase Asset Management, saying that while most institutional interest still centers on Bitcoin and Ethereum, Solana is increasingly emerging as the leading contender for the “number three” spot, ahead of XRP. ^[38]

Ecosystem metrics are also strengthening the “undervalued” argument:

Solana analytics outlet Solana Floor reports that Pump.fun — a Solana‑based token‑launch platform — has now generated over $900 million in cumulative revenue, off the back of viral meme coins that reached billion‑dollar market caps. ^[39]
VanEck’s own ETF announcement notes Solana’s high‑throughput, low‑fee architecture, processing tens of millions of transactions per day across DeFi, gaming, NFTs and tokenized real‑world assets — a key reason institutions are comfortable building ETF products around it. ^[40]

Put simply, the data says fear is high, but builders and ETF issuers are acting as if the story is far from over.

What could move Solana’s price next?

Looking ahead from today’s November 17, 2025 snapshot, several catalysts stand out for SOL traders and investors:

Actual trading volumes in VSOL and other Solana ETFs
- If the new VanEck fund and existing Solana ETFs (from Bitwise and Grayscale) continue to see steady daily inflows and no meaningful outflows, that would support the thesis of sticky institutional demand for SOL. ^[41]
Timing and reception of Fidelity’s Solana ETF launch
- Markets will be watching whether Fidelity’s ETF lists within the usual 24‑hour window after its Form 8‑A and, crucially, how much capital flows into the fund in its first week. ^[42]
Macro data and Bitcoin’s path around $93K
- If upcoming U.S. macro releases and rate expectations stabilize — and Bitcoin manages to find a floor above the low‑$90K area — it could relieve some of the systemic pressure on altcoins like SOL. ^[43]
Whether key support zones at $140, $126 and $112 hold
- Short‑term price action around those levels will likely dictate whether today’s sell‑off evolves into a deeper leg down or a base for a relief rally back toward $150–$170. ^[44]
On‑chain momentum and activity on Solana
- Continued growth in DeFi TVL, NFT volume, and meme‑coin launches on Solana would strengthen the case that current prices don’t reflect the network’s real usage — a central claim of those calling SOL “undervalued.” ^[45]

Bottom line

Today (Nov 17, 2025), Solana is trading around $130 after a steep weekly pullback, in line with a broader crypto market slump. ^[46]
At the same time, institutional interest is accelerating, with VanEck’s VSOL ETF now live, SOL Strategies securing the staking mandate, and Fidelity’s Solana ETF edging toward launch. ^[47]
Technical indicators suggest SOL is oversold but not yet out of danger, with analysts watching support levels between $140, $126 and $112 and eyeing $160–$170 as a key resistance band that must be recaptured. ^[48]
Sentiment is fearful, yet developers, ETF issuers and corporate treasuries are behaving as if Solana remains a long‑term core asset in the digital‑asset universe. ^[49]

For now, Solana’s price today reflects a tug‑of‑war between:

Short‑term macro panic and technical breakdowns, and
Long‑term structural adoption via ETFs, corporate treasuries, and high‑throughput on‑chain activity.

As always, this article is for informational purposes only and does not constitute financial or investment advice.Anyone considering exposure to SOL — whether directly or via ETFs — should carefully consider their risk tolerance and do independent research.

Is Solana the Next Big Crypto ETF? 🚀