Solana futures data shows panicked bulls: Will $80 SOL hold?

A drop in Solana’s dApp revenues, along with limited institutional and retail investor interest, adds vulnerability to SOL’s $78 support.

Key takeaways:

SOL is struggling to hold $80 as a 75% drop in futures' open interest shows that traders are heading for the exits rather than opening new bets.

Solana remains heavily dependent on retail and memecoin activity, while Ethereum maintains its lead in high-value decentralized finance.

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