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The value of the Solana cryptocurrency (SOL) is falling due to reduced interest from investors.

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16.06.2024

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There is increasing skepticism on the part of investors regarding the Solana cryptocurrency, which is reflected in the dynamics of open interest and capital flows. Information provided by analytics platform Coinglass indicates that over the past week, open interest in SOL futures fell from $2.5 billion to $2 billion, representing a decline of more than $500 million. In addition, institutional investors shy away from one-way investments whose asset allocation includes the Ripple currency. Although these changes have not had a noticeable impact on the leadership position of Solana, which has attracted the most investment since the beginning of the year, there is a possibility that its dominance in the altcoin market could be under threat in the near future.