Source

Solana

Spot

would

when

<p><strong>Update 02:30 UTC: Binance puts the damage at $6.3 billion.</strong> In an <a href="https://www.binance.com/en/support/announcement/c5a8729a97ac486d963784d96c5642d7" rel="noopener noreferrer nofollow">official announcement</a> Binance estimates the total impact at around $6.3 billion, of which about $3 billion is frozen on-chain. According to the initial investigation, a DevOps engineer's laptop was compromised, which let the attacker access a service container and submit unauthorized withdrawal transactions. Binance says it has found no evidence of a private key leak. The exchange will cover all losses from the SAFU fund and company funds; deposits and withdrawals remain suspended, and an updated proof of reserves will follow.</p>
<p><strong>Update 01:25 UTC: Binance confirms the hack.</strong> Co-founder Yi He wrote at 00:04 UTC that user funds are safe and Binance will cover all hacking losses. Deposits and withdrawals are temporarily suspended while the exchange runs security checks, freezes funds and works with law enforcement. According to on-chain investigator <a href="https://x.com/zachxbt/status/2115972303913935209" rel="noopener noreferrer nofollow">ZachXBT</a>, more than $2.83 billion is now frozen. Before the freezes, the attacker had supplied 60 million USDT to Aave and borrowed 19,762 wETH, about $45 million, against it, as <a href="https://x.com/mzeller/status/2115940092409770194" rel="noopener noreferrer nofollow">Marc Zeller</a> of the Aave Chan Initiative explains.</p>
<blockquote class="twitter-tweet">
 <p>User funds are safe. Binance will cover all hacking losses. Deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement. We will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.</p>Yi He (@heyibinance) <a href="https://x.com/heyibinance/status/2115958049244631357" rel="noopener noreferrer nofollow">October 30, 2026</a>
</blockquote>
<p>Solana has fallen below $100 and keeps sliding after the suspected Binance hack. On Thursday night SOL dropped from $98.94 at 20:15 UTC to $95.64 at 21:05 UTC, down 3.3% within an hour and more than Bitcoin. Over 24 hours Solana is down 5.3% according to CoinMarketCap. Yet Solana has nothing to do with the incident technically: the attacker took Ether, USDT and USDC. Why SOL falls anyway, why it was already weak before and which levels matter now.</p>
<p>What happened at Binance is in our <a href="https://cryptoticker.io/en/crypto-crash-binance-hack-timeline-liquidations/" rel="noopener noreferrer nofollow">crypto crash timeline</a>, the wallet details in our <a href="https://cryptoticker.io/en/binance-hack-hot-wallet-drained/" rel="noopener noreferrer nofollow">Binance hack report</a>.</p>
<h2 id="why-is-solana-falling-when-no-sol-was-stolen">Why is Solana falling when no SOL was stolen?</h2>
<ul>
 <li><strong>Trading pairs.</strong> Almost every coin trades against Bitcoin, Ether, USDT or USDC. When those pairs move, everything follows. Solana also has thinner order books than Bitcoin and falls harder in shocks.</li>
 <li><strong>Binance as a venue.</strong> Binance is one of the largest markets for SOL. Traders who fear withdrawal problems sell first and ask later.</li>
 <li><strong>Leverage.</strong> About $628 million in positions were force-closed within one hour according to CoinGlass data, about $607 million of them bets on rising prices. In altcoins like Solana this amplifies every move.</li>
</ul>
<figure><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/solana_crash_unter_100_dollar_binance_hack_2_1979e1453c.webp" alt="Hourglass with purple and teal sand next to coins" width="1920" height="1080">
 <figcaption>
  AI-generated illustration
 </figcaption>
</figure>
<h2 id="solana-was-already-weak-before-the-binance-hack">Solana was already weak before the Binance hack</h2>
<p>The evening hit a coin that was already struggling. SOL had slipped below $100 on Thursday afternoon. Spot Solana ETFs lost a combined $24.8 million on October 27 and 28, as <a href="https://crypto.news/solana-price-prediction-etf-outflows-100-support/" rel="noopener noreferrer nofollow">crypto.news</a> reported. Since launch the funds still show about $1.5 billion in net inflows, but the latest outflows show institutional buyers are not adding right now.</p>
<p>Over a longer horizon the gap is even clearer. A year ago, on October 30, 2025, Solana traded at $194 according to CoinGecko. Today it is about half of that. Where analysts see SOL by year-end is collected in our <a href="https://cryptoticker.io/en/prediction/solana-price-prediction/" rel="noopener noreferrer nofollow">Solana price prediction</a>.</p>
<table>
 <thead>
  <tr>
   <th>Date</th>
   <th>SOL price</th>
   <th>Source</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>Oct 30, 2025, 12-month high</td>
   <td>$194.07</td>
   <td>CoinGecko</td>
  </tr>
  <tr>
   <td>Jun 7, 2026, 12-month low</td>
   <td>$62.18</td>
   <td>CoinGecko</td>
  </tr>
  <tr>
   <td>Aug 2, 2026, 90-day low</td>
   <td>$71.89</td>
   <td>CoinGecko</td>
  </tr>
  <tr>
   <td>Oct 29, 2026, 20:15 UTC</td>
   <td>$98.94</td>
   <td>CoinGecko</td>
  </tr>
  <tr>
   <td>Oct 29, 2026, 21:05 UTC, evening low</td>
   <td>$95.64</td>
   <td>CoinGecko</td>
  </tr>
 </tbody>
</table>
<figure><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/solana_crash_unter_100_dollar_binance_hack_3_60c8d69ca6.webp" alt="Climbing rope anchored to a rock ledge above a steep drop with a coin on the ledge" width="1920" height="1080">
 <figcaption>
  AI-generated illustration
 </figcaption>
</figure>
<p><strong>More on the Binance hack</strong></p>
<ul>
 <li><a href="https://cryptoticker.io/en/binance-hack-hot-wallet-drained/" rel="noopener noreferrer nofollow">Binance hack: how the hot wallet was drained</a></li>
 <li><a href="https://cryptoticker.io/en/binance-hack-on-chain-analysis/" rel="noopener noreferrer nofollow">On-chain analysis: what the blockchain shows about the hack</a></li>
 <li><a href="https://cryptoticker.io/en/crypto-crash-binance-hack-timeline-liquidations/" rel="noopener noreferrer nofollow">Live ticker and timeline: the crypto crash after the hack</a></li>
 <li><a href="https://cryptoticker.io/en/tether-freeze-usdt-binance-hack-how-much-frozen/" rel="noopener noreferrer nofollow">USDT frozen: what Tether and Circle really blocked</a></li>
 <li><a href="https://cryptoticker.io/en/binance-withdrawals-solana-xrp-paused-after-hack/" rel="noopener noreferrer nofollow">Binance withdrawals: which networks are paused</a></li>
 <li><a href="https://cryptoticker.io/en/is-this-the-end-how-low-can-bitcoin-fall-binance-hack/" rel="noopener noreferrer nofollow">Is this the end? Three scenarios for Bitcoin</a></li>
 <li><a href="https://cryptoticker.io/en/ethereum-crash-binance-hacker-sits-on-195k-eth/" rel="noopener noreferrer nofollow">Ethereum: the hacker sits on 195,000 ETH</a></li>
 <li><a href="https://cryptoticker.io/en/bnb-price-crash-binance-hack-ftt-comparison/" rel="noopener noreferrer nofollow">BNB crash: another FTT moment?</a></li>
 <li><a href="https://cryptoticker.io/en/biggest-crypto-hacks-in-history-binance/" rel="noopener noreferrer nofollow">The biggest crypto hacks in history</a></li>
 <li><a href="https://cryptoticker.io/en/how-to-short-bitcoin-crash-bitget/" rel="noopener noreferrer nofollow">How to short Bitcoin in the crash</a></li>
 <li><a href="https://cryptoticker.io/en/why-is-crypto-down-crypto-crash-reason-today/" rel="noopener noreferrer nofollow">Why is crypto down today?</a></li>
</ul>
<h2 id="is-80-next-the-levels-that-matter">Is $80 next? The levels that matter</h2>
<p>Analysts name the $96 to $100 area as key support, exactly the zone SOL trades in tonight. Some warn of a slide to $80, as <a href="https://coinpaper.com/37939/solana-price-prediction-sol-risks-20-crash-to-80" rel="noopener noreferrer nofollow">Coinpaper</a> reported. That would be about 16% below the evening low, the 90-day low of $71.89 about 25%.</p>
<p>Whether it gets there depends less on Solana than on Binance. If the exchange confirms and covers the loss, the market is likely to calm down. The odds are not bad: Tether and Circle have already frozen stablecoins worth about $2.4 billion of roughly $2.8 billion. The three possible paths are laid out in <a href="https://cryptoticker.io/en/is-this-the-end-how-low-can-bitcoin-fall-binance-hack/" rel="noopener noreferrer nofollow">our scenarios after the Binance hack</a>.</p>
<h2 id="what-sol-holders-can-do-now">What SOL holders can do now</h2>
<ul>
 <li><strong>Move coins off the exchange.</strong> If you hold SOL on Binance, you can withdraw it to your own wallet. Our <a href="https://cryptoticker.io/en/comparison/hardware-wallets/" rel="noopener noreferrer nofollow">hardware wallet comparison</a> shows devices that support Solana.</li>
 <li><strong>No leverage overnight.</strong> Asian trading starts around midnight UTC, and any Binance statement can turn the price within minutes.</li>
 <li><strong>Set levels in advance.</strong> If you want to buy the dip, define zones like $80 or $72 instead of chasing the price. If you want to hedge, our guide <a href="https://cryptoticker.io/en/how-to-short-bitcoin-crash-bitget/" rel="noopener noreferrer nofollow">how to short Bitcoin</a> explains the options.</li>
</ul>
<p>This article is not investment advice. Crypto assets are highly volatile and you can lose your entire investment.</p>

Solana Crash: SOL Falls Below $100. Is $80 Next?

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