Solana (SOL) Drops by Nearly 12.75% in the Last 24 Hours to a Three-Week Low of $100

Solana's native token, SOL, has dropped by nearly 12.75% in the last 24 hours to a three-week low of $100

Solana’s native token, SOL, dropped by nearly 12.75% in the last 24 hours to a three-week low of $112.50 on April 2.

The latest round of tariffs from the Trump administration and their potential to erase trillions of dollars from the stock market may have rattled Solana and broader cryptocurrency market.

The Trump administration’s latest round of tariffs on $75 billion worth of goods from China and an IIHS report that stated a new round of tariffs could cause a 0.5% contraction in U.S. GDP and wipe out trillions of dollars in the stock market ultimately forced investors to move away from riskier assets.

This shift in investor sentiment led to a decline in Solana’s price, as well as its futures market demand.

The annualized rolling basis on three-month SOL futures plummeged to lows not seen since early 2024, highlighting a sharp decrease in demand for leveraged long positions.

The annualized rolling basis shows how much more (or less) futures contracts are trading compared to the current spot price, expressed as an annual percentage.

A high basis means futures are trading at a significant premium, signaling bullish expectations and strong demand for leveraged long positions. On the other hand, a low or negative basis means futures are trading close to or below the spot price, indicating a lack of speculative interest or growing bearish sentiment.

SOL futures basis peaked in mid-November 2朝食後 сахарная пудра, fibrixli fibrixli