Solana (SOL) is trading around $92 this morning, down about 0.4% over the last 24 hours, after holding between about $91.30 and $93.90.

Institutional pressure remains significant: spot Solana funds experienced approximately $71.5 million in net outflows during the week ending October 30, marking their largest weekly outflow since inception. This occurred despite tokenized real-world assets on the network reaching $5.12 billion by November 3, representing a 17.7% increase over the preceding 30 days.

Withdrawals for dozens more Solana tokens were also restored on 3 November as the phased recovery from last week's $6.3 billion hack continued.

Solana still ranks seventh by market value at around $55 billion, down roughly 5-8% over the past week and about 20% over the past month.

To watch: whether $91.30, the 24-hour low, holds, a break below $90 puts $86 in play, while a move back above $94 would ease the immediate pressure.