Solana Surges as CME Futures Volume Hits Record High
Solana (SOL) has seen a significant price boost, rising nearly 10% in the past 24 hours. This surge coincides with a new record in Solana’s futures volume on the Chicago Mercantile exchange (CME).
According to Glassnode, the CME futures volume for Solana has reached an all-time high of 1.75 million contracts. This milestone comes as the SOL token’s price has rebounded from recent lows of $125 to hit $146. The price movement suggests a positive shift in market sentiment.
The rise in CME futures volume indicates growing interest from institutional investors. this could signal a potential price rebound for SOL. the token last traded above $150 on June 20,2025,before dropping to $125 amid a broader market sell-off.
Bitcoin’s recovery to above $105k has also fueled gains across the crypto market. Solana’s weekly losses have now been reduced to under 1%. The CME launched Solana futures in march 2025, offering both micro adn larger-sized contracts. Giovanni Vicioso, CME Group’s global head of cryptocurrency products, noted that the new contracts respond to client demand for regulated products to manage cryptocurrency price risk.
- CME futures volume for Solana hits a record high.
- SOL price rebounds from $125 to $146.
- Weekly losses for SOL reduced to under 1%.
Analysts beleive the high CME futures volume could indicate demand for Solana exchange-traded funds. Coinglass data shows open interest in Solana has increased to over $6 billion, with derivatives volume up by 28% to $19.2 billion.
