Solana (SOL) Falls Back Below $100 as Open Interest Holds Above $6B

By Muhammad Hassan // August 26, 2026 @ 08:13 AM Make AlphaWire Logo preferred on Google News

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Solana (SOL) Falls Back Below $100 as Open Interest Holds Above $6B

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Points of Focus

  • SOL trades near $97 after losing $100, with futures open interest still above $6.2 billion.
  • Futures volume is about 10x spot volume, keeping derivatives activity elevated.
  • US spot Solana ETFs added $33.49 million on Aug. 24, their strongest daily inflow of 2026.

 

 

Solana (SOL) traded near $97 at the time of writing after slipping back below $100, a level it briefly reclaimed on Aug. 25. Open interest (OI) has remained above $6 billion through the pullback, with $6.28 billion in SOL futures positions still active as the token retains most of its roughly 27% weekly gain.

 

SOL price chart over the last 24 hours. Source: CoinGecko
SOL price chart over the last 24 hours. Source: CoinGecko

 

Solana OI stays above $6 billion

CoinGlass data shows $10.06 billion in SOL futures volume over 24 hours against $997 million in spot volume, putting derivatives turnover at about 10 times spot activity. OI stands near $6.28 billion.

 

SOL volume overview. Source: CoinGlass
SOL volume overview. Source: CoinGlass

 

OI measures outstanding futures positions but does not reveal whether traders are leaning long or short. SOL can fall while OI stays elevated as new positions replace closed contracts on either side of the market. If OI remains above $6 billion during further price moves, substantial derivatives exposure will remain active rather than leaving the market.

 

Solana ETF inflows hit 2026 high

US spot Solana exchange-traded fund (ETF) data shows $33.49 million in net inflows on Aug. 24, the strongest daily result of 2026 and the highest since December 2025. ETF trading volume also reached a record $166.83 million, while the five-session inflow streak through Aug. 24 brought in $61.8 million.

SolanaFloor reported on Aug. 25 that Bitwise’s BSOL recorded its highest daily trading volume on record at more than $108 million. The fund accounted for about $25 million of Monday’s inflows, making it the largest contributor to the day’s $33.49-million total.

 

 

The ETF flows show that demand through regulated products remained positive as SOL approached $100. The move back below that level shows the inflows have not been enough to keep the price above the psychological threshold.

 

SOL price loses $100 as $93-$95 support returns

The $100 area is now the immediate level for SOL to reclaim. Recent price action has repeatedly put the $93-$95 area in play, making it the nearest support zone if the pullback extends. Above $100, the recent $102-$103 area remains the first breakout zone to clear.

SOL is still up roughly 27% over seven days, keeping the move below $100 inside a larger weekly advance. At around $97, the token sits only a few percent above the $93-$95 support zone, while futures open interest remains near $6.28 billion.

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Muhammad Hassan

Muhammad Hassan is a tech writer with over 11 years of experience in the crypto space. He specializes in crafting data-driven strategic content that helps blockchain and fintech brands grow their organic reach. He has led editorial initiatives for global crypto media outlets, where his strategies and article series have reached millions of readers worldwide.

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