Solana once again looks interesting, and it’s not just about the price. According to Glassnode, the CME Futures market for SOL has just hit an all-time high in volume, crossing 1.75 million contracts. This marks the largest futures activity ever recorded for Solana on the Chicago Mercantile Exchange, a major trading venue favored by institutions.
The spike in volume comes just as Solana’s price bounced back toward the $145 level after a recent dip. This combination of rising price and surging institutional activity could point to something bigger brewing under the surface.
What the Chart Is Telling Us
Looking at the chart, the increase in futures volume is hard to miss. Throughout April and early May, the number of SOL contracts traded on CME remained relatively steady, with occasional spikes. But beginning in mid-June, volume began to rise sharply – culminating in the massive surge we’re seeing now.
$SOL CME Futures volume just hit an all-time high of 1.75M contracts – 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 pic.twitter.com/wmmA3kdwkB
— glassnode (@glassnode) June 24, 2025
At the same time, Solana’s price had been trending downward, dropping from its earlier local highs above $160. But just as the futures volume exploded, the price reversed course and climbed back toward $145. This pattern often indicates that institutions are stepping in, possibly positioning for a larger move ahead.
Why Institutional Volume Matters
When we see record futures volume like this, it’s typically not retail traders making those bets. The CME is one of the primary venues for regulated institutional trading. So when Solana volume explodes there, it usually means large investors – hedge funds, asset managers, even crypto-native firms – are taking strong positions.
Whether these bets are long or short isn’t immediately clear from volume alone. But when it happens alongside a price recovery, it often suggests that big money is leaning bullish. Either way, it shows that Solana is drawing serious attention from professional investors.
It’s worth noting that this surge in institutional activity comes as crypto markets overall begin to stabilize following a volatile few weeks. If Solana can hold above key levels like $140 and break back toward $160, this record futures volume might be seen in hindsight as the early signal of another breakout move.
For now, all eyes are on how the price reacts in the days ahead. But one thing is clear – Solana is once again back in the spotlight, and the big players are definitely paying attention.
Read also: Analyst Says XRP Will Look Cheap Under $2 By Year’s End – Here’s Why
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