Solana (SOL) saw a massive jump in open interest during July, rising by over 370%, which shows a strong return of market interest. This sharp rise could signal a possible price comeback, especially after SOL triggered a drop toward $160. With more money flowing into SOL futures, many investors are now watching closely to see if this momentum can turn into a solid rebound for Solana’s price in the coming days.
Solana Records Strong Surge in Key Metrics
Solana had a strong July, with activity across its futures market picking up sharply. Open interest on CME SOL futures surged by 370%, hitting $400 million, while trading volume jumped from $2.2 billion in June to $8.1 billion. This spike came just three months after the futures product launched and…
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