Solana Sentiment Sours as Canary Marinade ETF Sees a Third of Assets Walk Out the Door
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The Canary Marinade Solana ETF, SOLC, recorded a sharp outflow of $509,584 on January 05, 2026, a move that stripped roughly 32.3% from its latest reported assets under management of $1,577,382. The sizeable redemption underscores how quickly sentiment around Solana-linked products can swing when price momentum turns against the token.
The related asset, SOL-USD, is currently trading at $138.3203, having slid about 38.2% over the past three months. Despite the steep drawdown, the 1-day technical posture remains neutral, with a Hold signal, suggesting traders are still weighing whether the recent weakness marks a deeper reversal or a consolidation phase after earlier gains.
The abrupt withdrawal from SOLC highlights the leverage that short-term flows can exert on smaller, niche crypto ETFs: when more than a third of capital exits in a single day, it often reflects a shift from speculative enthusiasm to capital preservation. Yet the neutral short-term technical backdrop for SOL-USD hints that, for now, the broader market is pausing rather than capitulating, awaiting clearer cues on Solana’s next directional move.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.