Aurora

Solana

Jupiter

Wednesday

<p>Since Tuesday, anyone on the Solana blockchain can send tokens without outsiders seeing the amount or the type of token. Infrastructure provider Helius has switched on the so-called Privacy Rings for this, <a href="https://crypto.news/solana-privacy-rings-helius-mainnet-launch" rel="noopener noreferrer nofollow">crypto.news</a> reported on November 10. The news passed the price by: SOL fell to $81.59 after the US inflation data on Tuesday evening and, according to CoinGecko, cost $84.11 on Wednesday afternoon, or 75.86 euros.</p>
<p>What is documented: the technology is there, the first applications are using it, and the price is 8.7 percent below where it stood a week ago. Our assessment follows further down. The Privacy Rings make Solana more usable for payments and corporate clients, but for the direction of the coming weeks the $81.59 level and the 200-day line at $89 matter more. Where the price could head over a horizon of months is covered in our <a href="https://cryptoticker.io/en/prediction/solana-price-prediction/" rel="noopener noreferrer nofollow">Solana price prediction</a>.</p>
<h2 id="privacy-rings-on-solana-helius-encrypts-amount-and-token">Privacy Rings on Solana: Helius encrypts amount and token</h2>
<p>A Privacy Ring is an area on the Solana blockchain where balances are held in encrypted form and transfers run confidentially. According to crypto.news, the first ring is open to everyone and requires no approval. The Solana Foundation sums up the approach in one line: "Public by default, private by choice".</p>
<p>Supported are SOL itself, ordinary SPL tokens and tokens under the newer Token-2022 standard. That brings <a href="https://cryptoticker.io/en/charts/stablecoins/" rel="noopener noreferrer nofollow">stablecoins</a> such as USDC, which circulate on Solana as SPL tokens, within the scope of the feature. Helius's documentation explicitly labels the product as beta and points out that names, interfaces and behaviour may still change. The demo on the developer site still runs on the Devnet test network.</p>
<p>According to the report, three applications have already built in the feature: the finance app Decrypt for its cash account, the mining and staking project Ore, and Aurora Intents, which moves balances from other blockchains into confidential balances. Backpack, DFlow, Jupiter, Squads and Titan are said to be working on an integration. Jupiter in particular matters for retail investors, since a large share of token swaps on Solana runs through the aggregator.</p>
<h2 id="zero-knowledge-proof-addresses-stay-visible-amounts-do-not">Zero-knowledge proof: addresses stay visible, amounts do not</h2>
<p>Behind the Privacy Rings is a zero-knowledge proof. This is a mathematical proof with which the sender shows that they hold a balance and may spend it, without revealing the amount itself. Validators check only the proof. The encrypted data sit permanently on the blockchain; no separate sequencer or side chain is needed.</p>
<p>The limit of the encryption is important. Who sends to whom remains visible in the first ring. Only token and amount are hidden. Entries and exits are open too: anyone who moves SOL from a normal wallet into the confidential balance reveals origin, token and quantity, and the same applies to the destination on the way back. Only what happens in between stays hidden.</p>
<p>For your own overview there is a viewing key. It decrypts your own balances without being able to trigger payments. Helius offers two options: the key stays on your device, or an appointed service may read balances and history but cannot spend anything. According to the report, the security firms Certora, ZK Security and OtterSec audited the core programs and the proof circuits. A formal verification is due to be completed by the end of 2026.</p>
<figure><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/solana_prognose_privacy_rings_vertrauliche_ueberweisungen_2_53e5440a90.webp" alt="Parcels on a conveyor belt behind frosted glass in a distribution centre at night, only their outlines visible" width="1920" height="1080">
 <figcaption>
  What stays visible is that something is moving and between which addresses, not how much: this is how confidential transfers work in the first Privacy Ring.
 </figcaption>
</figure>
<h2 id="custom-rings-for-companies-auditor-access-block-lists-and-an-emergency-stop">Custom Rings for companies: auditor access, block lists and an emergency stop</h2>
<p>For businesses, Helius is planning so-called Custom Rings. They are due to reach mainnet in the fourth quarter of 2026 and, according to crypto.news, are still under review. An operator can set who may take part, who may not be paid, when balances are frozen and when additional signatures are required. An auditor gets insight into the entries but cannot move anything. According to the report, know-your-customer and reporting obligations remain with the respective company.</p>
<p>The use cases named are payroll, supplier invoices, payment cards, settlement of tokenized securities and corporate treasury management. For these clients a fully public account is an obstacle: no company wants competitors to read every supplier payment. This is the real lever for Solana, and it ties in with Tuesday's news, when Formation Securities announced it would trade stocks as tokens on Solana from 2027.</p>
<h2 id="sol-price-on-wednesday-back-to-84-after-81-59">SOL price on Wednesday: back to $84 after $81.59</h2>
<p>The news does not show in the price. According to CoinGecko, the 24-hour range was between $81.59 and $84.86, and SOL cost $84.11 on Wednesday afternoon. Over seven days it is down 8.7 percent, over 30 days down 23.3 percent. As recently as November 5, Solana closed at $95.51. Market capitalisation is around $49.8 billion, and trading volume over the past 24 hours was $2.6 billion.</p>
<p>The pressure came from the market as a whole. Bitcoin traded at $73,667 on Wednesday afternoon, 5.7 percent below the previous week, and Ethereum lost 11.1 percent over the same period. On Tuesday US consumer prices came in higher than expected, as cryptoticker reported on November 10, and since then part of the market has been expecting a rate hike rather than a cut. In phases like this, investors sell high-volatility coins first, and Solana is one of them.</p>
<h2 id="since-tuesday-the-84-level-broke-in-the-evening-sol-is-back-on-wednesday">Since Tuesday: the $84 level broke in the evening, SOL is back on Wednesday</h2>
<p>In <a href="https://cryptoticker.io/en/solana-tokenized-stocks-formation-sol-84/" rel="noopener noreferrer nofollow">Tuesday's Solana price prediction</a>, SOL stood at $84.43 in the morning. We named $84 as the lower limit at the time and the 200-day line at $89 as the upper limit. Since then the $84 level broke on Tuesday evening, the price fell to $81.59 and by the afternoon had returned to just above that mark. SOL has not reached $89 again in the meantime.</p>
<p>That leaves a new, lower support. Tuesday evening's low of $81.59 is the line where buyers last stepped in. The daily close of November 9 at $86.41 and that of November 10 at $86.60 now sit above it as the first zone where sellers from the previous week are likely to be waiting. The 200-day line has barely moved; by our own calculation from CoinGecko's daily data it stands at $88.98.</p>
<h2 id="perpetual-futures-on-solana-65-percent-more-volume-as-the-spot-market-shrinks">Perpetual futures on Solana: 65 percent more volume as the spot market shrinks</h2>
<p>The futures market deserves a second look. Perpetual futures, or perps, are futures contracts without an expiry date that traders use to bet on rising or falling prices, usually with leverage. According to DefiLlama data analysed by <a href="https://cryptoslate.com/solana-perp-volume-explodes-65-amid-shrinking-spot-activity" rel="noopener noreferrer nofollow">CryptoSlate</a> on November 11, weekly perp volume on Solana platforms rose 65.3 percent to $8.96 billion. GMTrade, the Solana version of GMX, alone accounted for $6.92 billion, around 77 percent of the volume.</p>
<p>Spot trading on decentralised exchanges on Solana fell 5.0 percent to $9.90 billion in the same week, and the stablecoin supply on the blockchain dropped 4.4 percent to $14.56 billion. Open positions, known as <a href="https://cryptoticker.io/en/charts/open-interest/" rel="noopener noreferrer nofollow">open interest</a>, stood at $235 million, $175 million of it on GMTrade. Less fresh money in the spot market and more leverage in futures: this mix makes price moves more violent, because forced closures of positions, so-called liquidations, accelerate a slide.</p>
<p>If you trade with leverage yourself, know the platforms' fees and liquidation rules before you open a position. Our <a href="https://cryptoticker.io/en/comparison/best-perp-dex/" rel="noopener noreferrer nofollow">perp DEX comparison</a> gives an overview of decentralised venues for futures contracts. With a price that has lost a quarter of its value within 30 days, leverage of four is already enough for a long position to be wiped out on paper.</p>
<figure><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/solana_prognose_privacy_rings_vertrauliche_ueberweisungen_3_4680856cff.webp" alt="A construction crane lifts a heavy concrete block on taut steel cables over an excavation pit at night" width="1920" height="1080">
 <figcaption>
  A heavy load on thin rope: trading in leveraged Solana contracts is growing while the spot market shrinks.
 </figcaption>
</figure>
<p>Encrypted balances do not change any tax obligation: since January 1, 2026, crypto service providers in the EU report customer and transaction data to tax authorities under the DAC8 directive, and the entry into and exit from a confidential balance remain visible on the blockchain, so if you use Privacy Rings, back up your viewing key and keep records of deposits and withdrawals; the programs in our <a href="https://cryptoticker.io/en/comparison/crypto-tax-software/" rel="noopener noreferrer nofollow">crypto tax software comparison</a> help match purchases and sales across several wallets.</p>
<h2 id="eu-anti-money-laundering-rules-from-2027-confidential-is-not-anonymous">EU anti-money-laundering rules from 2027: confidential is not anonymous</h2>
<p>From July 2027, under the new EU anti-money-laundering regulation, banks and crypto service providers in the EU may no longer keep anonymous accounts or offer coins that anonymise transactions. This mainly affects classic privacy coins such as Monero or Zcash. The Privacy Rings in the first, open ring do not hide sender and recipient, so they are confidential but not anonymous. That distinction matters for whether regulated exchanges in the EU accept SOL transfers coming from a ring.</p>
<p>The case of anonymous rings, which according to its documentation Helius also offers and which encrypt sender and recipient as well, remains open. How exchanges handle deposits that have passed through such rings is not yet regulated. The Custom Rings with auditor access are designed for exactly this gap: a company can disclose to supervisors and auditors what it keeps hidden from the outside.</p>
<h2 id="solana-levels-81-59-below-the-200-day-line-at-89-above">Solana levels: $81.59 below, the 200-day line at $89 above</h2>
<p>CoinGecko's daily data yield three levels for the coming days. Below sits Tuesday evening's low of $81.59. If SOL falls under it, there is no zone where the price has turned meaningfully in recent months until the August 2 low of $71.89. That gap is around 15 percent.</p>
<p>Above, the first zone is around $86.50, where SOL closed on November 9 and 10. Beyond that comes the 200-day line at $88.98, which Solana fell below on November 9. Only above the November 5 close of $95.51 would last week's losing streak be recovered. For comparison, the all-time high of January 19, 2025 was $293.31; the current price is around 71 percent below it.</p>
<h3 id="bull-case-and-bear-case">Bull case and bear case</h3>
<p>In favour of rising prices: with the Privacy Rings, Solana delivers a feature that large payment and securities providers demand, and two widely used applications, Jupiter and Backpack, are preparing the integration. Against a quick recovery: the market backdrop. Spot volume is falling, leverage is rising, and the expectation of a US rate hike weighs on all high-volatility coins.</p>
<h2 id="editorial-view-privacy-rings-strengthen-solana-but-do-not-yet-carry-the-price">Editorial view: Privacy Rings strengthen Solana but do not yet carry the price</h2>
<p>In the editorial team's view, the Privacy Rings are the more important part of this week's Solana news, more important than the slide to $81.59. The evidence: three applications already use the feature, five more are working on it, three audit firms have examined the code, and the Custom Rings put an offer for companies on the table that combines data protection and supervision. Against this, the documentation still lists the product as beta and the corporate version is not due until the fourth quarter. For the price over the coming weeks we consider the market backdrop more decisive: as long as SOL trades below the 200-day line at $89 and leverage in the futures market keeps growing, the risk of a pullback to August's $71.89 remains. This is an assessment of the situation, not a recommendation to buy or sell Solana. A total loss is possible with cryptocurrencies.</p>
<h2 id="solana-at-84-above-89-the-losing-streak-is-broken">Solana at $84: above $89 the losing streak is broken</h2>
<ol>
 <li><strong>Choose how to buy:</strong> if you want to buy or add SOL, look for an exchange with MiCA authorisation and tight spreads. Our overview of the <a href="https://cryptoticker.io/en/comparison/exchange-comparison/" rel="noopener noreferrer nofollow">best crypto exchanges</a> compares providers and fees.</li>
 <li><strong>Keep records:</strong> if you use Privacy Rings, note the date, quantity and price of every deposit and withdrawal and back up your viewing key. A tool from our <a href="https://cryptoticker.io/en/comparison/crypto-tax-software/" rel="noopener noreferrer nofollow">tax software comparison</a> turns this into the figures for your tax return.</li>
 <li><strong>Limit leverage:</strong> with the price between $81.59 and $89, the distance to the next support is large. If you trade futures anyway, keep leverage low and check the liquidation rules in our <a href="https://cryptoticker.io/en/comparison/best-perp-dex/" rel="noopener noreferrer nofollow">perp DEX comparison</a>.</li>
</ol>
<p><em>(As of November 11, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)</em></p>

Solana price prediction: confidential transfers go live as SOL steadies after $81.59

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