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via Cointelegraph · By Cointelegraph Staff
SOL Negative Funding Rate Highlights Falling SOL Demand
SOL
SOL/USDT
$106.39
+3.93%
$106.39
+3.93%
(24s)24h Volume
$2,826,315,027.83
24h H/L
$107.30 / $102.29
Change: $5.01 (4.90%)
Long/Short
68.4%
Long: 68.4%Short: 31.6%
Funding Rate
+0.0018%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(12:15 AM UTC)
1 min read
Key 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…
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