Home » Solana Alpenglow Upgrade Nears With Price at $106

Solana Alpenglow Upgrade Nears With Price at $106

by Ouess Crypto
A simple, clean infographic on a light background. It features a central white tiered plinth marked with a stylized 'SA' logo, topped with prominent blue text '$106' and a glowing orange star icon above it representing the Alpenglow upgrade. To the right, a white key labeled 'U' sits on a small stand. Large blue text at the top and bottom reads: 'SOLANA ALPENGLOW UPGRADE' and 'NEARS WITH PRICE AT $106'.

Solana Alpenglow upgrade activates on October 21. Meanwhile, SOL trades near $106. That is far below where it began the month.

The upgrade aims to make transactions final much faster. Whether the network delivers that improvement under live conditions will shape the case for a November recovery.

Solana Alpenglow upgrade targets 150ms finality

Currently, Solana finality takes about 12.8 seconds. Alpenglow aims for roughly 150 milliseconds. That is about 85 times faster if the target holds.

The upgrade replaces TowerBFT. It changes how validators agree on blocks. However, transaction execution and programs remain unchanged.

Activation begins at epoch 1064 on October 21. The Foundation estimates about 13:20 UTC. Epoch timing can drift, so treat that as an estimate.

Price has moved the other way

SOL began October near $121. It closed October 20 at $106.39. That is a fall of roughly 12.4%.

What looked like a nearby breakout now requires almost an 18% recovery. To reach $125, SOL needs a $19 gain. The $90 adverse case sits $16 away. Neither level is guaranteed.

Solana Alpenglow upgrade
SOL Price Source : TradingView

Before $125 becomes relevant, SOL must regain $110 to $115. Then it must reclaim the early-October range near $120. Below the market, the mid-month low near $101.69 and the $100 level mark a different route.

Fund outflows have persisted

SoSoValue shows $6.7 million in Solana ETF withdrawals on October 19. Another $2.6 million left on October 20. Those two days add to $9.3 million.

Solana Alpenglow upgrade
SOL ETF Outflows Source : SoSoValue

The October 16 figure was a $12.7 million outflow. Therefore, product demand had not turned positive before the upgrade. A series of subscriptions over multiple weeks would provide stronger evidence.

A large treasury sale is already disclosed

SkyAI said it sold all of its SOL as of October 16. It now holds approximately $223.8 million in cash. The company is pursuing a cash tender offer.

SkyAI once held more than 2 million SOL. Its exit is a fact about October supply. It does not forecast that every treasury will sell.

You may also like

Crypto Feed Logo Footer
Crypto Feed Logo

Crypto feed news

Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.

@CryptoFeedNews 2023 All Right Reserved. Designed and Developed by TheDevThingz

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
Social Media Auto Publish Powered By : XYZScripts.com