Solana Rally Stalls Below $100 as Competitors Gain Ground
Key takeaways: SOL derivatives signal bearish sentiment as funding rates hit 0% and put (sell) options trade at a premium. While Solana leads in DEX volume, it faces stiff competition from Hyperliquid in the perpetual contracts sector. Solana’s native token SOL (SOL) faced a 3-day 11% decline after peaking at $97.70 on Monday. Thursday’s move