Why Is Solana Price Struggling Below $100? 3 Factors Behind the Drop
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Solana (SOL) is struggling to reclaim the $100 level as sustained selling pressure weighs on the token, driven by three key factors: large whale transfers to exchanges, persistent outflows from spot Solana ETFs, and weakening technical momentum. The token has extended its losing streak, raising concerns about whether the current correction could deepen. Whale deposits typically signal intent to sell, adding supply pressure at a time when ETF withdrawals are already pulling capital from the market. The combination of on-chain selling signals and fading momentum has left buyers unable to mount a recovery above the psychological $100 threshold. Traders are watching whether whale inflows to exchanges subside and whether spot Solana ETF flows turn positive, as a reversal in either could determine whether SOL stabilizes or extends its decline.
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Named in this story
Solana (SOL), Spot Solana ETFs
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