Solana (SOL) is among the top cryptocurrencies affected by the ongoing market liquidation. The Solana cryptocurrency has fallen more than 8.7% in the past 24 hours and more than 20% in the past week.
Solana founder shifts focus from price
As prices continue to fall, Solana founder Anatoly Yakovenko said: named This is the most important focus for blockchain.
Yakovenko urged developers to stop staring at the red candle and develop something that people will actually use. For Solana founders, price is a lagging indicator and code is a leading indicator.
“The main focus right now is shipping a great product,” Yakovenko wrote in the X post.
His comments are in response to a post from Raydium, a leading decentralized exchange (DEX) and automated market maker (AMM) built on Solana.
In its post, Radium shared simple ways to boost morale. Solana Enthusiasts are still holding on to their bags despite the recent price crash.
“Cheers to all the Solana bulls,” the Radium team wrote.
While Mr. Radium is sending his love to the Solana bull, Mr. Yakovenko is encouraging the launch of products that will make the bear market irrelevant.
The most important thing to focus on right now is shipping great products. https://t.co/oyLNmKEuC5
— toly 🇺🇸 (@aeyakovenko) November 4, 2025
Interestingly, his comments come shortly after Western Union revealed its next plans. Introducing a Solana-based stablecoin. The new product, called the “US Dollar Payment Token” (USDPT), is expected to be launched next year.
Flows to Solana ETF are steady
Additionally, the decline in SOL prices comes shortly after the launch of the first US Spot Solana ETF in the US.
According to Farside Investors According to the data, Solana's spot exchange-traded fund (ETF) actually had inflows of $70 million on November 3, 2025.
The Bitwise Solana ETF (BSOL) had the most inflows with $65.2 million, followed by the Grayscale Solana ETF (GSOL) with $4.9 million.
This is a new daily high and demonstrates strong investor demand for Solana-based investment products.
The decline in SOL prices therefore reflects broader market turmoil, likely influenced by macroeconomic factors including interest rates.
Notably, the SOL ETF began trading on October 28th after being given the go-ahead by the US Securities and Exchange Commission (SEC).
In the first week of trading, ETFs received nearly $200 million in inflows.according to a report from U.Today. If this momentum continues this week, SOL price could recover from its lows and rise to new highs.
