US EditionSolana price falls 18% in May as SEC scrutiny cuts open interest by $330M
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Solana price falls 18% in May as SEC scrutiny cuts open interest by $330M
Open interest in SOL derivatives falls from $3.20B to $2.87B. Price faces resistance at 50-day EMA, $150 is key support. Polymarket shows 80% odds of Solana ETF approval. Solana is under pressure as June begins, with its price down 18% over the past three weeks. The latest trigger came on 30 May, when the US Securities and Exchange Commission (SEC) raised concerns over two proposed staking exchange-traded funds (ETFs) involving Solana and Ethere…
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