The Future of Solana: Weak Interest from Whales and Retail Investors Activity on the Solana chain has decreased, putting pressure on SOL's price. Recently, SOL futures open interest plummeted by 75%, indicating fading bullish sentiment. SOL's price has been hovering around $80 without much movement, and traders are starting to pull back. The high cost of short positions reflects the market's uncertainty about SOL's outlook. dApps revenue has dropped to $22.4 million, a significant decline from its peak. Investors are worried that continued price drops could lead to reduced on-chain utility, weakening the case for holding SOL long-term. Despite high trading volumes, Solana's ETFs have limited appeal, with total ETF assets under management 86% lower than Ethereum's. To reignite market demand, Solana may need to make progress in areas like AI infrastructure or prediction markets. (cointelegraph)