Solana's Native Token Faces Challenges Amid Broader Crypto Market Pressures Solana's native token, SOL, struggled to reclaim the $140 level on Monday despite a partial recovery from recent declines. Key issues including negative funding rates on SOL perpetual futures and declining on-chain activity continue to dampen investor sentiment. Over the past 30 days, SOL has underperformed other altcoins, dropping roughly 30%, and traders are cautious about whether a sustainable bullish trend can develop. Key Takeaways Negative funding rates and decreasing on-chain metrics hinder SOL's price recovery. Broader macroeconomic concerns, such as US economic slowdown and weak employment data, influence crypto sentiment. Institutional competition intensifies as XRP ETFs launch in the US, affecting Solana's market position. Despite some rebound, derivatives market signals and declining network revenue suggest ongoing bearish momentum. Tickers mentioned: $SOL, $XRP, $LTC, $LINK Sentime...