SOL gained 1.35% over 24 hours as $2.66 million in short positions were liquidated across three major exchanges.
The US spot ETFs on Solana lost money on net for the first time in 14 weeks in the week of October 5 to 9, 2026: $24.8 million. In the same week, $681.1 million left Bitcoin ETFs and $542.1 million left Ether ETFs.
Solana completed its final SIMD-0525 slot-time cut, setting a 200ms mainnet target as the first full epoch averaged 218.3ms per slot.
Increased USDC supply on Solana may enhance network activity and adoption, but market caution persists regarding significant price gains. Circle mints 250M USDC on Solana, boosting liquidity and network potential.
Token holder net income stayed above $400,000 for a second straight week after three weeks of negative readings, while SOL held near a key support level.
The Oct. 9 upgrade cut target slot time from 400 milliseconds to 200 milliseconds, while its effect on October activity and prices remains unmeasured.
Solana cut slot time to 200 ms, triggering market excitement.
The mint took place at 10:53 p.m. ET Saturday (02:53 UTC Sunday).
Spot bitcoin, solana, and ether ETFs all logged weekly outflows following last week's trading, a notable shift for some of the funds.
China could become a major driver of the next crypto market cycle if it finds a way to reopen access to digital assets. Solana Company CEO Joseph Chee says Beijing is using Hong Kong to test crypto regulations.
Over the last few days, momentum across the broad crypto market has turned extremely bearish and Solana has also had its share of the downturn.
About 1.71 million new wallets are created on Solana each day, while roughly 4.27 million unique wallets interact with the network daily.