$SOL Blockchain competitors and recent decisions by institutional investors chip away at Solana’s market share. Will this impact SOL price?

Key takeaways:

SOL’s perpetual futures funding rate turned negative, highlighting a lack of confidence among traders.

Despite strong fundamentals, institutional players continue to avoid Solana due to MEV concerns.

Solana's native token, SOL 

SOL

$152.96

, has not reached the $180 level since late May, raising doubts among traders about whether a bull run in 2025 is still feasible. The demand for leveraged long positions on SOL has dropped sharply, negatively affecting market sentiment.