Solana news today is dominated by a double-barreled blow to market confidence: persistent outflows from U.S. spot SOL exchange-traded funds and a dramatic security breach on a popular Telegram-based trading bot, all while the token fights to hold a psychologically critical price floor.
Solana’s price slipped to $99.71 on October 29, down 15.41% over the prior month, after U.S. spot SOL ETFs recorded $24.82 million in combined net outflows across October 27 and 28.
Zoom out slightly and the picture is even more striking:
a seven-fund tally showed $5.7 million leaving on October 28 alone, bringing the three-session total from October 26 through 28 to $33.1 million, with $8.2 million exiting on October 26 and $19.2 million on October 27.
The latest withdrawals pushed October’s total reported ETF outflows above $105 million, even as cumulative net inflows since launch remained positive at approximately $1.51 billion, with the funds holding roughly $1.56 billion in net assets as of October 28.
The security story is equally attention-grabbing.
Bloom, a Telegram-based cryptocurrency trading bot, suffered a major security incident on October 26, 2026, with attackers draining approximately $953,000 in SOL from 48 wallets in just 94 seconds.
Initial reports suggested 49 separate victims, but Bloom’s own investigation narrowed that figure to nine users controlling 49 affected wallet addresses.
Bloom says the attacker exploited a third-party module through a remote code execution vulnerability.
Bloom insisted that no private keys had been accessed or compromised, even as Bitquery reported that each drain was a Solana transfer signed with the affected wallet’s private key
— a contradiction that investigators have not yet resolved.
Bloom is not a fringe application; according to Alchemy’s developer directory, the bot has processed roughly 28 million transactions and more than $4 billion in volume across upwards of 70,000 active traders.
Bloom has pledged to reimburse all affected users and said it would transfer replacement funds to new wallets designated by their owners.
For holders and traders, the Bloom incident is a sharp reminder that Solana’s underlying network was not compromised — this was a third-party application breach.
The theft is a breach of a single application, not an attack on the Solana network itself.
Still, the episode adds to a difficult mood.
At $99.71 at the time of reporting, SOL was down 2.1% over 24 hours, bringing its seven-day decline to 4.74%, with the token trading in a range of $99.23 to $103.65 during the latest session.
There was a brief reprieve earlier this week:
on October 28, Solana spiked around 3% to trade near $102, reclaiming the $100 level as investors positioned ahead of the Federal Reserve’s policy decision.
But that relief proved short-lived as fresh ETF withdrawal data arrived the next morning.
Beneath the turbulence, there are genuine positives for the Solana ecosystem.
Solana recorded a 37% share of cross-chain blockchain revenue in October 2026, its second-highest monthly proportion of the year, surpassed only by the network’s 39% share in January.
On the technology front,
the Alpenglow consensus upgrade activated on October 21, 2026, replacing TowerBFT and targeting roughly 150-millisecond finality, down from about 12.8 seconds, while moving validator voting off-chain.
And on the institutional side,
Samsung and the Solana Foundation announced that Samsung Wallet will add cross-border USDC transfers, with rollout to eligible U.S. Galaxy users starting in the final week of October, targeting a potential reach of 82 million devices.
What to watch next: the $98 to $100 zone is the key support band for traders.
Analysts are watching $98 support and resistance near $105.
Any continuation of ETF outflows into the final days of October will be closely monitored, as will Bloom’s investigation into whether its third-party provider was the true source of the breach — a finding that could have broader implications for the dozens of Telegram-based trading bots operating across Solana. Users of any bot that holds custody of funds should consider revoking permissions and migrating to freshly generated wallets until the attack vector is fully confirmed.
This article is for information only and is not financial advice. Crypto prices are volatile; always do your own research.