Key Notes
- Jump Crypto offered 1.1 million SOL tokens value $205 million and instantly bought $265 million in Bitcoin inside minutes.
- By-product markets confirmed elevated quick positioning with futures quantity rising 7% and a protracted/quick ratio of 0.93 indicating bearish sentiment.
- The decline threatens Solana’s $100 billion market cap milestone regardless of current approval of the primary spot Solana ETFs in the US.
Solana
SOL
$182.2
24h volatility:
7.2%
Market cap:
$100.03 B
Vol. 24h:
$8.33 B
value tumbled to $182 on Oct. 30, recording an intraday decline of almost 6% as its market capitalization slipped to $100.1 billion. This marks Solana’s sharpest one-day drop because the Oct. 10 market crash, when Trump’s deferred tariff announcement on China triggered almost $19.4 billion in global crypto liquidations.
The newest selloff coincides with a major transfer by institutional buying and selling agency Jump Crypto, which offloaded 1.1 million SOL for $205 million earlier than buying 2,455 BTC for $265 million value of Bitcoin
BTC
$107 734
24h volatility:
3.5%
Market cap:
$2.15 T
Vol. 24h:
$73.37 B
inside minutes.
Jump Crypto seems to be rotating a considerable amount of $SOL into $BTC!
Up to now quarter-hour, Jump Crypto transferred the unstaked 1.1M $SOL($205M) to #GalaxyDigital and acquired 2,455 $BTC($265M) in return.https://t.co/8EmhKZXhm0 pic.twitter.com/J1kglXO3IO
— Lookonchain (@lookonchain) October 30, 2025
The worth of Jump Crypto’s whole staked belongings in USD has declined by 29.65% within the final 30 days according to StakingRewards. Nevertheless, the agency stays a serious Solana stakeholder with 73% of its $202.78 million in whole staked belongings below administration held in SOL at press time.
Solana Merchants Anticipate Extra Draw back
Feedback on the publish from Lookonchain recommend market contributors interpret Jump Crypto’s asset rotation as a flight to security commerce, significantly forward of probably unstable commerce negotiations between the US and China.
This rotation is important and price watching intently. When a serious participant like Jump strikes 200 million plus from SOL to BTC, they’re making a transparent assertion about the place they see worth and stability proper now. Could possibly be positioning for a Bitcoin run or just threat administration,…
— redpicnic (@redpicnic) October 30, 2025
By-product market metrics reinforce this bearish sentiment. According to Coinglass data, Solana futures contracts buying and selling quantity rose 7% to $32.61 billion, whereas open curiosity elevated by 2.28% to $10.32 billion inside the identical 24-hour window.
Solana derivatives market evaluation, Oct. 30, 2025 | Supply: Coinglass
Mixed with a 0.93 lengthy/quick ratio, the 6% spot SOL value decline signifies that newly opened positions have been primarily shorts. Elevated buying and selling quantity additionally reveals lengthy merchants actively closing positions to avert additional downsizing.
A decline beneath $180 would see Solana lose the $100 billion market valuation milestone momentarily. The Jump Crypto’s transfer comes after first spot Solana ETFs started buying and selling on US exchanges on Oct. 28, 2025, with Bitwise’s Solana Staking ETF (BSOL) launching on the NYSE, with $69.5 million in first-day takings.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with knowledgeable earlier than making any choices based mostly on this content material.
Ibrahim Ajibade is a seasoned analysis analyst with a background in supporting numerous Web3 startups and monetary organizations. He earned his undergraduate diploma in Economics and is at present learning for a Grasp’s in Blockchain and Distributed Ledger Applied sciences on the College of Malta.
