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via Cointelegraph · By Cointelegraph Staff
SOL Negative Funding Rate Highlights Falling SOL Demand
SOL
SOL/USDT
$69.62
-2.62%
$69.62
-2.62%
(24s)24h Volume
$2,654,411,893.43
24h H/L
$71.60 / $68.16
Change: $3.44 (5.05%)
Long/Short
77.1%
Long: 77.1%Short: 22.9%
Funding Rate
-0.0097%
Shorts pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(12:15 AM UTC)
1 min read
660 views
0 commentsKey takeaways:
- Solana perpetual futures funding rates flipped negative, signaling excess demand for bearish positions.
- Rival networks like Base and Hyperliquid pose direct threats to Solana by aggressively capturing DEX market volume.
Solana's native token SOL (SOL) faced a 15% correction following a rejection at $98 on May 11. A retest of the $83 level on Tuesday was followed by negative futures…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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