How Solana reacted to the Personal Consumption Expenditures on 22 January 2026

Published with later months (US federal government shutdown). These figures were published together with later months in a single release, so the reaction shown belongs to all of them, not to this period alone. This was during the US federal government shutdown.

The short answer

An ordinary reaction. In the 15 minutes after the figure came out, Solana's price swung 1.78 times as much as in a normal 15 minutes that day. For a PCE release, 1.57 times is usual. An hour later the price was 0.39% lower.

1.78x

Ordinary

Trading (volume ratio)
3.86x
usual for PCE: 1.85x
Price at 10:00 AM
$127.91
15 minutes later
+0.12%
One hour later
−0.39%
range 1.49%, hour before 1.30%
SOL/USDT, 5 minutes candles around the release, 10:00 AM America/New York

The dashed orange line is the release. Chart data from Binance.

Open
129.80
Close
128.19
24h change
-1.26%
24h high
130.94
24h low
126.73
24h volume
1.817M SOL

The release

Released by the Bureau of Economic Analysis on 22 January 2026 at 10:00 AM EST. The Personal Consumption Expenditures came in at 0.2% for October 2025, against 0.3% in September 2025. Prices are still rising, but more slowly than before.

It arrived at the same moment as Personal Income and Outlays and Core Personal Consumption Expenditures, so the reaction measured on this page belongs to all of them together.

How Solana moved

Solana was at $127.91 when the figure came out. Fifteen minutes later it was 0.12% higher, and an hour later 0.39% lower. Its high-to-low range in the hour after was 1.49% of its price, against 1.3% in the hour before.

Measured by Clometrix

Solana's volatility ratio was 1.78x, against 1.57x for a typical PCE release since 2021. Its volume ratio was 3.86x, against a typical 1.85x. That is about what this release usually does. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.

What made it matter

Since 2021, PCE releases in the two weeks before a Fed decision have moved Solana about as much as those at other times: a median volatility ratio of 1.58x across 17, against 1.57x across 52. This one came out 6 days before the Federal Reserve's 28 January rate decision. Its own ratio of 1.78x compares with 1.58x for those, about what its circumstances would suggest.

Its record

Across 69 PCE releases since 2021, Solana's median volatility ratio is 1.57x.

How it compares

Across 69 PCE releases since 2021, Solana's usual price swing is 1.57x. This one was 1.13 times the usual.

MutedOrdinaryStrongExceptional

Thin line: PCE's usual, 1.57x. Thick line: this release, 1.78x.

Minute by minute

Each row is the time after the release, with the same length of time before it for comparison.

After High Low Close Change Range Range before Volume
1 minute 128.14 127.76 128.13 0.17% 0.30% 0.14% 4,229 SOL
5 minutes 128.27 127.70 128.06 0.12% 0.44% 0.30% 19,948 SOL
10 minutes 128.27 127.53 128.04 0.10% 0.58% 0.35% 36,593 SOL
15 minutes 128.27 127.53 128.06 0.12% 0.58% 0.92% 49,691 SOL
30 minutes 128.35 126.86 127.02 -0.70% 1.16% 1.15% 121,781 SOL
1 hour 128.63 126.73 127.41 -0.39% 1.48% 1.28% 274,223 SOL
2 hours 128.63 126.73 127.90 -0.01% 1.48% 2.37% 409,682 SOL
4 hours 128.82 126.73 127.73 -0.14% 1.62% 2.37% 581,071 SOL
6 hours 129.76 126.73 128.49 0.45% 2.34% 2.37% 752,540 SOL
8 hours 130.94 126.73 127.73 -1.90% 3.22% 0.88% 983,002 SOL
12 hours 129.76 126.73 128.19 0.22% 2.34% 2.37% 1.073M SOL

Every coin at this release

Coin Price swing Usual for PCE Reaction
Bitcoin 2.17x 2.03x Ordinary
Ethereum 1.86x 1.77x Ordinary
XRP 1.02x 1.81x Quiet
BNB 1.86x 1.75x Ordinary
Solana 1.78x 1.57x Ordinary
Dogecoin 1.51x 1.52x Ordinary
TRON 1.37x 1.43x Quiet
Cardano 1.84x 1.90x Ordinary
Chainlink 1.50x 1.62x Ordinary
Sui 1.02x 1.53x Quiet
Bitcoin Cash 1.34x 1.69x Quiet
Hedera 1.17x 1.51x Quiet
Avalanche 1.23x 1.55x Quiet
Litecoin 1.85x 1.64x Ordinary
Gram 1.03x 1.32x Quiet
Shiba Inu 1.68x 1.75x Ordinary
Uniswap 1.02x 1.49x Quiet
Polkadot 1.01x 1.50x Quiet
Aave 1.42x 1.58x Quiet
Bittensor 1.18x 1.68x Quiet
NEAR Protocol 0.00x 1.43x Quiet
Aptos 1.02x 1.73x Quiet
Internet Computer 1.99x 1.50x Strong
POL (prev. MATIC) 1.30x 1.60x Quiet
Filecoin 1.02x 1.51x Quiet

What is the Personal Consumption Expenditures?

Personal consumption expenditures (PCE) is a measure of the prices people in the United States pay for goods and services. PCE accounts for about two-thirds of domestic spending and is a significant driver of gross domestic product (GDP). An estimated total of personal consumption expenditures (PCE) is compiled by the Bureau of Economic Analysis as one way to measure and track changes in the prices of consumer goods over time.

Every PCE release for Solana

Questions about this page

Is 1.78x a lot?

For a PCE release it is ordinary: the usual is 1.57x. Each report has its own usual size, and its releases show it.

Will the next PCE do the same?

Nobody can say. A forecast shows the range Solana moved in after past PCE releases, so you can plan for the likely size of the move.

More questions · Glossary

Disclaimer

The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.