Community Articles
via Cointelegraph · By Cointelegraph Staff
SOL Negative Funding Rate Highlights Falling SOL Demand
SOL
SOL/USDT
$75.55
+0.07%
$75.55
+0.07%
(24s)24h Volume
$576,615,555.37
24h H/L
$75.74 / $75.17
Change: $0.5700 (0.76%)
Long/Short
72.2%
Long: 72.2%Short: 27.9%
Funding Rate
+0.0017%
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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