Solana stablecoin supply drops $1.49 billion in three weeks
- —Solana's stablecoin base fell to $15.96 billion from a $17.45 billion peak on September 25
- —The stablecoin balance dropped $205 million in a single day
- —SOL trades at $103.34 with 24-hour volume of $1.89 billion
- —US spot SOL ETFs saw $12.7 million in outflows on October 16, the tenth straight session
Why it matters: A shrinking stablecoin base thins liquidity and buying power on Solana, making the $100 level pivotal for near-term price action.
Source: CryptoTicker