#BinanceMegadropSolv

SOL Open Interest Volume Hits Record High as Traders Eye $264 Top

Solana (SOL) has seen a surge in trading activity over the past week, pushing open interest to a record high of $6.68 billion.

Spurred by growing market optimism, the price of SOL appears poised to re-touch its all-time high of $264.

Solana Open Interest Volume Surges to New Highs

Solana’s open interest has surged 14% in the past 24 hours, hitting a record high of $6.68 billion. The surge comes amid a surge in SOL trading activity, which has pushed its price up 14% over the past week.

Open interest measures the total number of outstanding contracts, such as futures or options. A surge indicates that traders are opening new positions, reflecting increased interest and participation in the market. This rise also indicates an influx of capital, indicating increased confidence and demand for SOL, which could fuel a sustainable rise in the altcoin’s price.