--- title: "Why did Solana drop 0.8% on October 23, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/solana/2026-10-23" date: 2026-10-23 --- # Why did Solana drop 0.8% on October 23, 2026? On October 23, 2026 (UTC), SOL went from about $103.66 to $102.86 (-0.78%) on OKX · USDT, trading between $101.73 and $105.25. For the closed-hour 24h window: SOL is within a usual day's range. SOL fell further than this on 9 of the past 29 days. Solana's latest 24 hours showed a small decline, smaller than its usual day, and the move was within its usual range, so it needs no special explanation. Most other tracked coins moved the same way, and the move was partly in line with Bitcoin, with below-usual volume. No recent report about Solana explains the move, so the cause is unresolved. - Day open / close: $103.66 → $102.86 (24 hourly candles, OKX · USDT) - Day range: $101.73 – $105.25 - Versus Bitcoin: -0.78% / BTC -0.28%; -0.4 pts left after BTC × its hourly beta 1.48 - Versus the past month: 9 of the past 29 days fell further; Closed-hour 24h move -0.78%, 0.5× its prior 30-day median of 1.5%. - 30-day range: 17.7% below the high · 2.4% above the low; From hourly highs and lows on the same venue - Other tracked coins: 15 of 24 moved the same way; 7 moved the other way - 24h volume: 0.6×; of its prior 30-day daily average - Perpetual swap: funding near zero · open interest flat; OKX perpetual swap SOL-USDT-SWAP Computed from OKX · USDT hourly candles for the 24 hours to 24/10/2026, 00:00 UTC. ## Still open - Whether any project statement, filing or exchange notice about Solana was published in this window that would account for the move; an official announcement or filing would settle this. - Whether on-chain flows, such as exchange inflows or outflows of SOL, changed during this period; on-chain data would settle this. Prices, market readings and reports are shown side by side; timing alone does not show what caused a move. [Solana (SOL) price and news]() [Methods and limitations]()