<h1>Solana faces ETF outflows, on-chain weakness, security breach and bearish flag pattern, signaling deeper downside risk</h1> Solana's market faces heightened short-term downside risk amid adverse fundamental and technical indicators. U.S.-listed Solana exchange-traded funds have recorded their first significant net outflows, weakening prior institutional support. On-chain metrics show declines in active addresses, fees, and total value locked, with major DeFi protocols experiencing notable liquidity withdrawal. A publicly traded corporate holder of SOL reported over $200 million in losses after expanding its Solana reserves through a private placement. A $36 million security breach at a foreign exchange involving Solana-based tokens led to temporary suspension of SOL transfers. Technical analysis indicates a bearish flag, with a potential breakdown below $140 targeting approximately $100.