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Key takeaways:
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SOL is struggling to hold $80 as a 75% drop in futures’ open interest shows that traders are heading for the exits rather than opening new bets.
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Solana remains heavily dependent on retail and memecoin activity, while Ethereum maintains its lead in high-value decentralized finance.
Solana’s native token, SOL (SOL), has hit a wall, repeatedly failing to break back above $89 over the last two weeks. This sluggish price action follows a rejection at $145 in mid-January and a sharp drop to…
https://cointelegraph.com/news/solana-futures-data-shows-panicked-bulls-will-80-sol-hold?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
