Solana Price Slips to $118 as Alpenglow Upgrade Advances
Solana (SOL)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Solana (SOL) is trading around $121.63 after slipping nearly 4% over the past day and touching the $120 level. The pullback follows a cooler-than-expected U.S. inflation report, yet selling pressure has continued across the crypto market this week. Trading volume sits at $3.7 billion, representing about 5.6% of Solana’s circulating market cap. Attention is currently centered on the Alpenglow upgrade, which is now running on Solana’s testnet and devnet for developers to measure its real-world performance.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 2 October 2026. Not the outlet's figures.
Whalio data shows SOL has dropped to $118.41, with buy ratios holding steady at 51.4% for the 1-hour and 53.0% for the 4-hour, while the 24-hour ratio sits lower at 48.0%. The 1-hour volume delta is positive at +$434,566, and the 4-hour delta is +$6,606,874, but the 24-hour delta is negative at -$10,156,478. This indicates that while recent short-term buying is outweighing selling, the longer-term trend over the last day shows net outflows. The CVD for the 24-hour close is +$12,613,030, with net buying occurring in 15 of the last 24 hours. Spot volume reached $253,033,336 with 689,873 trades recorded.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
Over the preceding week, the buy ratio averaged 51.5%, making the latest day’s 48.0% reading 3.6 points lower than average. Volume was 0.78x the weekly average, indicating lighter trading activity compared to the norm. The coin saw net buying on 5 of the past 7 days, with a total volume delta of +$71,597,544 over that period. Price changed +1.2% over the 8-day window. This represents an unusual day for the coin, marked by a lower buy ratio and reduced volume relative to the weekly baseline.