Saturday, 24 October 2026

Solana Traders Bought the Dip. The ETFs Are Selling

In this video: Solana Elliott Wave analysis for 24 October 2026: Solana Traders Bought the Dip. The ETFs Are Selling. Video By More Crypto Online.

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Solana (SOL) is trading near $103.50 as of today, October 24, 2026. The asset is seeing minor consolidation, down roughly 1.5% over the last 24 hours as it attempts to secure a baseline. Buy Solana >>



Insights Today

• The Alpenglow Upgrade: Solana’s major Alpenglow consensus upgrade went live on mainnet on October 21. This core framework overhaul targets sub-250ms slot times and brings transaction finality down to a blazing 150 milliseconds. However, the event resulted in a short-term "sell-the-news" pullback.

• J.P. Morgan Integration: Institutional adoption hit a milestone yesterday with J.P. Morgan investing $100 million into Solana's Real-World Asset (RWA) ecosystem, heavily validating the network's enterprise-grade rails.

• Record Stablecoin Velocity: The network processed an extraordinary $5 trillion in stablecoin transfer volume for 2026 through late October, with its total stablecoin supply hitting a record high near $17.5 billion.

• ETF Redemptions: Countering the strong fundamental data, net ETF outflows totaling $59.1 million since October 2 have created persistent technical drag.

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