Solana futures open interest hits $7.4B amid ETF speculation: Is $200 SOL next?

SOL’s futures open interest hits a 2-year high above $7.4 billion, but neutral funding and declining DEX activity cast doubt on a breakout to $200.

Key takeaways:

SOL’s futures open interest surged to a 2-year high, reflecting growing institutional interest.

Rising competition from other blockchains and neutral funding rates continue to dampen SOL’s bullish momentum.

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