Solana futures funding rate turns negative: Is $78 SOL next?

The report "Solana futures funding rate turns negative: Is $78 SOL next?" describes a concrete shift in digital assets and crypto payments. Solana futures funding turned negative as demand for SOL and its associated decentralized exchanges fell. Will traders buy the dip or is $78 next? Solana's native token SOL (SOL) faced a 15% correction following a rejection at $98 on May 11. A retest of the $83 level on Tuesday was followed by negative futures funding rates, indicating increased demand for short SOL positions. While declining network activity contributed to the price drop, competition among rival blockchain networks has picked up. SOL perpetual futures annualized funding rate. Source: Laevitas The SOL perpetual futures funding rate stood at -3% on Tuesday, down considerably from the +8% on Saturday. During neutral market conditions, this indicator hovers near +9% to account for the cost of capital and exchange risk.

A practical way to keep momentum is to separate urgent fixes from structural improvements, then review both tracks weekly using the same KPI definitions.