Key Notes

Jump Crypto sold 1.1 million SOL tokens worth $205 million and immediately purchased $265 million in Bitcoin within minutes.

Derivative markets showed increased short positioning with futures volume rising 7% and a long/short ratio of 0.93 indicating bearish sentiment.

The decline threatens Solana's $100 billion market cap milestone despite recent approval of the first spot Solana ETFs in the United States.

Solana SOL $182.0 24h volatility: 7.0% Market cap: $100.14 B Vol. 24h: $8.32 B price tumbled to $182 on Oct. 30, recording an intraday decline of nearly 6% as its market capitalization slipped to $100.1 billion. This marks Solana’s sharpest one-day drop since the Oct. 10 market crash, when Trump’s deferred tariff announcement on China trigger

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