Solana — 2026-10-08
$108.95Down -6.60%24h
Change since the previous record
Down $7.69 (6.59%)
- Previous record
- $116.64 · 2026-10-07 16:03 UTC
View the previous record. Based on the two recorded prices; separate from the 24h change.
Market commentary
CoinMarketCap AI commentary (attributed, not independently verified)
Solana is down 6.86% to $108.42 in 24h, underperforming a broader market decline and primarily driven by a risk-off rotation out of altcoins.
- Primary reason: Sector-wide altcoin selloff as capital rotates defensively, evidenced by a falling Altcoin Season Index and Bitcoin dominance rising.
- Secondary reasons: Leveraged long liquidations amplified the downward move, with SOL seeing nearly $6 million in positions wiped in a one-hour period.
- Near-term market outlook: If SOL holds above the $110–$107 support zone, it may consolidate; a break below risks a drop toward $102. The key trigger to watch is broader market sentiment ahead of the Fed's decision on October 28.
Research details
- Confidence
- MEDIUM
- Status
- CHANGED
- Previous record source
- CoinMarketCap AI (page-embedded data, automated collector)
Evidence
CoinMarketCap price-analysis page data: US$108.95, -6.60% (24h). Analysis title: "Latest Solana (SOL) Price Analysis".
Verification notes
Price and 24h change were read directly from CoinMarketCap's own page data (not cross-checked against an independent feed). CMC AI's analysis text is attributed commentary, not independently verified fact; catalyst/causal claims within it require separate confirmation before being treated as fact.
Why it matters
Tracks Solana's latest price move and CoinMarketCap AI's own stated reasoning, without independent cross-verification against a second price feed.