Solana open interest hits $16.6B as traders set SOL price target above $250

Solana futures open interest rose to $16.6 billion as Galaxy and Forward Industries joined the adoption party. Is SOL headed toward $300 next?

Key takeaways:

Solana futures open interest hit $16.6 billion, and its perpetual futures funding rates are stable, hinting at further price upside.

Spot-driven rally pushes SOL price, reinforced by Galaxy and Forward Industries’ buy demand.

Read more