SOL struggles to extend its gains as declining activity, falling leverage demand and competition from newly launched spot altcoin ETFs challenge Solana’s price rebound.
Key takeaways:
Falling DEX volumes, muted ETP flows and macro uncertainty are pressuring SOL prices and limiting appetite for bullish positions.
New spot ETFs for rival altcoins increase competition, though expected government stimulus could reignite demand for Solana.
Strategy has $14 billion in cash, no debt due until 2027, and Bitcoin's price
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