Solana futures funding turns negative as price drops to $83
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Solana's perpetual futures funding rates have dropped to -3%, indicating increased demand for short positions as the price fell to $83. Despite processing $1.1 trillion in transactions in Q1 2026 and having over 5 million active addresses, the price remains under pressure. Institutional investors like Goldman Sachs and Intesa Sanpaolo have reduced their Solana ETF holdings, contributing to market pessimism amid growing competition from other blockchains.
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