SOL hits a four-week low, falling 22.9% on the 28th.

SOL fell to a 28-day low of $82.37 on Coinbase, a 22.9% decline over the period, outpacing drops of 12.1% in bitcoin and 19.2% in ether, according to The Defiant. Over the trailing seven days, SOL and ether each lost about 11.7% while bitcoin fell 5.4%. The selloff coincided with outflows from U.S. spot Solana ETFs, which saw $24.2 million in net redemptions on Nov. 6 and a preliminary $7.7 million outflow on Nov. 9, with TSOL data still unreported, per Farside Investors. The moves matter because SOL’s underperformance relative to bitcoin and ether, combined with ETF redemptions, signals weakening demand for Solana exposure. Next, watch whether ETF flows stabilize and whether SOL holds above the $82 level.