Solana is down to about $82, its lowest since August. At 7:14am ET Thursday it was trading around $82.60, after dipping to $81.27 on Tuesday. That's the lowest price since August 19, per Coinbase's daily data. The hot inflation report hit all of crypto, and money has been leaving the Solana ETFs for weeks. On top of that, Solana's developers want to scrap the feature the Drift hackers used back in April.
Updated November 12, 2026, 7:15am ET. Prices from Coinbase and CoinGecko. Live price: our crypto prices page.
The numbers
| SOL now | About $82.60 at 7:14am ET (Coinbase $82.62, CoinGecko $82.59) |
| Tuesday low | $81.27, lowest since August 19 |
| October high | $123.73 on October 2, so about 33% lower now |
| One week ago | Around $89 (Nov 5 close) |
| Solana ETFs | About $170M out over five weeks (SoSoValue data) |
Why it's falling
The inflation report. The October CPI came out Tuesday hotter than expected: prices up 0.4% for the month against 0.3% expected, core up 0.3% against 0.2%. After that, CME FedWatch showed traders betting heavily on a quarter-point rate hike at the December 9 Fed meeting. Higher rates are bad news for anything risky, and crypto took the hit across the board. Bitcoin slipped under $73,000 the same day (here's that story) and Ethereum fell under $2,100 (that one too).
ETF money walking out. The US spot Solana ETFs have been losing money for a while. SoSoValue data, as reported by CoinCentral and Tradingpedia, shows about $170 million out over the past five weeks, and November 11 was about $5.9 million out, the fifth day in a row. That's not a huge number next to Bitcoin's ETFs, but for Solana it's a steady leak, and it shows the big buyers aren't stepping in right now.
Futures traders are pulling back too. Open interest, the total value of open futures bets on SOL, dropped to about $5.1 billion, the lowest since mid-August.
The "durable nonces" thing
This one's more technical, but it matters if you hold SOL on an exchange. CoinDesk reported that a Solana developer filed a proposal on November 5, called SIMD-0723, to get rid of a feature called durable nonces.
Here's what that means in plain English. A normal Solana transaction expires after about 30 seconds if it isn't sent. A transaction with a durable nonce never expires. You can sign it today and send it weeks later. That's handy for exchanges and custodians that sign things offline for security, because their process takes longer than 30 seconds.
The problem: it's also what the attackers used in the Drift hack. On April 1, 2026, they drained at least $270 million from Drift, a Solana trading platform. They had transactions signed in advance and just held them for more than a week before using them. Drift later blamed a North Korean state-linked group.
A few things to know about the proposal:
- It's a draft. It still needs sign-off from engineers on both main Solana validator teams.
- It wouldn't switch on before May 5, 2027 at the earliest, and the Solana Foundation says no date is set.
- The draft itself mostly points to older reliability problems, including a 2022 outage, not just Drift.
- The replacement idea is to move offline signing into onchain programs. Exchanges and custodians would have to switch over.
For regular users this probably won't change anything you do day to day. It's more about how exchanges and big wallets sign transactions behind the scenes.
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What to watch
- Whether SOL holds above Tuesday's $81.27 low.
- Solana ETF flows. Five red days in a row is the trend to watch.
- The December 9 Fed meeting, since rate fears are driving a lot of this.
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We don't do price predictions. If days like this make you want a calmer way to think about money, The Psychology of Money by Morgan Housel is a good, easy read.
FAQ
Why is Solana down?
A hotter-than-expected CPI report raised rate-hike fears, and US spot Solana ETFs have seen steady outflows (about $170 million over five weeks).
What are durable nonces?
A Solana feature that lets a signed transaction stay valid forever instead of expiring after about 30 seconds. Developers proposed retiring it; it was used in the $270 million Drift hack.
Is the change happening now?
No. It's a draft proposal, and it can't take effect before May 5, 2027.
This is news, not financial advice.
Sources
- CoinDesk: Solana moves to scrap the transaction feature used in the $270 million Drift hack coindesk.com
- Crypto Briefing: Solana proposes retiring durable nonces after the Drift hack cryptobriefing.com
- CoinCentral: ETF outflows drag Solana below $86 coincentral.com
- Tradingpedia: Solana weakens as ETF outflows and derivatives signal risk tradingpedia.com
- Stocktwits: Bitcoin falls below $74K after hot US inflation stocktwits.com
- Coinbase and CoinGecko: SOL price and daily data coinbase.com
Written by the WIZY creator
A lifelong gamer and Warhammer painter, and the maker of the WIZY RPG game. I write about games, hardware, Warhammer and crypto in plain English, and I check every fact against its source.
