SOL Negative Funding Rate Highlights Falling SOL Demand
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…