At the time of writing, the open interest in Solana was $251.8 million, with a negative funding rate.
Solana development activity data remained strong.
There is a diminishing negative trend.
After FTX fell apart, Solana’s price action was hit hard. In just 10 days, it fell by more than 60%. The SOL price may have seen modest improvements over the past week, but it is still being held back by the broader market’s malaise.
The recent decline in Solana’s fortunes started shortly after FTX collapsed. After FTX filed for Chapter 11 bankruptcy protection on November 11, the focus shifted to the Solana Foundation’s exposure to the collapsed exchange, which included around $1 million in cash or cash equivalents on FTX.com as of November 6.
However, an infusion of new gains on November 24 drove the price of SOL up by almost 20% from its multi-month low of about $10. The price of Solana has dropped from roughly $30 to around $14, with recent lows around $20. The price of Sol
We współpracy z: https://dailycoin.com/solana-sol-open-interest-surge-correlates-with-weak-funding-rate-amid-ftx-crisis/
