Solana (SOL) struggled to extend gains while hovering in the low $82 range, even as sustained inflows into newly launched spot ETFs underscore rising ‘institutional demand’. Derivatives positioning and elevated volatility, however, are signaling potential downside pressure toward $75, keeping traders cautious despite the supportive flow data.
As of Friday, May 30 at 9:00 p.m. ET (1:00 a.m. UTC on May 31), SOL traded at $82.30, up 1.16% over the past 24 hours. Spot trading volume rose 0.83% day over day to about $3.08 billion, while Solana’s market capitalization stood near $47.61… Read more
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