{"id":3905,"date":"2025-06-24T18:20:57","date_gmt":"2025-06-24T18:20:57","guid":{"rendered":"https:\/\/bitunikey.com\/news\/solana-price-gains-10-as-sol-cme-futures-volume-hits-all-time-high\/"},"modified":"2025-06-24T18:20:59","modified_gmt":"2025-06-24T18:20:59","slug":"solana-price-gains-10-as-sol-cme-futures-volume-hits-all-time-high","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/solana-price-gains-10-as-sol-cme-futures-volume-hits-all-time-high\/","title":{"rendered":"Solana price gains 10% as SOL CME futures volume hits all-time high"},"content":{"rendered":"

<\/p>\n

\n

Solana gained nearly 10% in the past 24 hours as upbeat sentiment drove cryptocurrencies higher\u2014and as the altcoin\u2019s futures volume on derivatives marketplace the Chicago Mercantile Exchange (CME) rose to a new all-time high.<\/p>\n

Per data shared by on-chain and financial metrics platform Glassnode, Solana (SOL) CME Futures volume has hit 1.75 million contracts.<\/p>\n

The milestone, reached in the past 24 hours, coincided with a notable reversal for the SOL token. Its price bounced off lows of $125 in the wake of the Middle East conflict to hit highs of $146. At its current value, the altcoin is about 50% off its all-time high of $294 reached in January 2025.<\/p>\n

<\/p>\n

SOL CME futures hit 1.75m contracts<\/h2>\n

CME futures volume for Solana hitting \u201cthe highest on record,\u201d according to Glassnode, signals fresh institutional investor interest in the altcoin. Investors may be positioning ahead of a potential SOL price rebound.<\/p>\n

\n
\n
\n

$SOL<\/a> CME Futures volume just hit an all-time high of 1.75M contracts \u2013 the highest on record. This surge suggests institutional investors are positioning aggressively as price rebounds to ~$145.
Track SOL derivatives data: https:\/\/t.co\/yClXheGVZB<\/a> pic.twitter.com\/wmmA3kdwkB<\/a><\/p>\n

\u2014 glassnode (@glassnode) June 24, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

The SOL token last traded above $150 on June 20,2025, with the subsequent dump to lows of $125 coming amid the sell-off that also drove Bitcoin (BTC) to near $98k. But the benchmark digital asset has since bounced to above $105k, fueling gains across the crypto market. <\/p>\n

Solana\u2019s gains have cut weekly losses for SOL price to under 1% as at the time of writing.<\/p>\n

CME Group announced the launch of SOL futures in March 2025, offering access to micro-sized contracts and larger-sized contracts. Market participants can choose between the 25 SOL micro-sized contract or the larger 500 SOL contract.<\/p>\n

\n

\u201cWith the launch of our new SOL futures contracts, we are responding to increasing client demand for a broader set of regulated products to manage cryptocurrency price risk,\u201d Giovanni Vicioso, CME Group\u2019s global head of cryptocurrency products, said.<\/p>\n<\/blockquote>\n

After a slow start, with less than 400k in volume in April and May, the metric picked up and surpassed 1 million contracts this week. Analysts have opined that notable CME futures volume could be a signal for demand for Solana exchange-traded funds. Recently, experts gave SOL spot ETFs a 95% chance of approval in 2025.<\/p>\n

Coinglass data shows<\/a> open interest in Solana has increased to over $6 billion. Meanwhile, derivatives volume has increased by more than 28% to $19.2 billion.<\/p>\n

<\/p><\/div>\n