Solana's Alpenglow upgrade goes live October 21, replacing TowerBFT and cutting transaction finality from 12.8 seconds to about 150 milliseconds.
Solana trades at $102.99 on Thursday morning and has given up 10.4 percent in seven days. The providers of the US spot ETFs are pulling in opposite directions, while on the blockchain itself more USDC is being created than in any other week this year.
The recommended γ range is three to seven; at γ = 7, the model also added 5.4 leader windows to regional persistence.
SOL fell 4.44% over 24 hours, while reaching the $120 threshold would require a gain of about 17%.
Solana extended its decline on Thursday, approaching the psychologically important $100 level as persistent ETF withdrawals and weak technical momentum weighed on the cryptocurrency. SOL traded around $101.82 at the time of the report, after a roughly 2% retreat on Wednesday following resistance near its 50-day Exponential Moving Average at $107.13. The latest bearish performance follows a double-top reversal around $122 in early October. Solana has now lost more than 13% this month, leaving buyers under pressure to defend nearby support. Despite the price decline, activity in Solana's tokenized equity market continues to expand. That growth offers a positive signal for network adoption, although it has yet to offset the immediate pressure on SOL.
Bitcoin's 30-day index gained about 67 points over 103 days, while BTC rose about 33%.
SOL traded near $102.50 early Thursday. U.S. spot Solana ETFs recorded net outflows in seven straight trading sessions through Oct. 13.
The promotion drew little buying interest before the token was rugged near $40,000.
Bitwise Solana Staking ETF (BSOL) accounted for the full $1.3 million daily outflow; six other listed funds had no net flow.
Bitwise Solana Staking ETF was the only fund with a net outflow. Cumulative net inflows across spot SOL ETFs totaled $1.580 billion.
The shareholder says SkyAI's Solana holdings fell about 70% between Sept. 14 and Oct. 13 and wants independent directors to oversee the offer.
SOL traded at $105 an hour earlier. Long liquidations across Binance, Bybit and OKX reached $16 million, compared with $80,000 in short liquidations.