Solana’s token SOL experienced a drop, currently priced at 178.04 USD after hitting a six-month high of 209.80 USD. This pullback raised bearish concerns but key indicators point towards a possible rebound, with projected institutional participation signaling a brighter future for SOL.
The open interest for SOL futures has increased significantly to 10.7 billion USD, indicating rising institutional demand. Additionally, with 12.1 billion USD in total value locked, Solana showcases strong investor confidence and a solid foundation for recovery in the decentralized exchange (DEX) space.
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