CryptoSlate August 09, 2026

A $1.8 billion leverage trap is building on Solana as traders pay 11-month high rates to defend $78

A $1.8 billion leverage trap is building on Solana as traders pay 11-month high rates to defend $78

Aggregated funding on SOL perpetual futures has climbed to its highest level since September 2025, according to Velo data. Solana's futures open interest sits near $1.8 billion, equal to roughly 23.1 million SOL in notional exposure at current prices. Most major venues, including Binance, Bybit, Hyperliquid and OKX, show positive funding near 0.01% every eight […]

The post A $1.8 billion leverage trap is building on Solana as traders pay 11-month high rates to defend $78 appeared first on CryptoSlate.

You might also like

Mark Zuckerberg Meta AI Predicts ‘Will Crypto Rec…
Nov 08, 2026 Read
This Bitcoin Developer’s Idea Would Make Quantum …
Nov 08, 2026 Read
Binance France emails announce closure of its use…
Nov 08, 2026 Read
These Finland homes get free heat from bitcoin mi…
Nov 08, 2026 Read