Spot Buyers Continue Accumulating Solana Despite Derivatives Weakness

[kevin1]

While leveraged traders have been reducing exposure to Solana, spot market demand tells a different story. Data shows spot cumulative volume has remained positive since March, with buyers continuing to absorb supply even as futures traders exit positions.

The trend is also reflected in exchange-traded products. Solana spot ETFs recorded approximately $113 million in net inflows during May, marking the strongest monthly inflow total for SOL-related funds this year. The steady accumulation suggests investors remain interested in holding the asset despite ongoing market volatility.

This divergence between spot and futures activity often signals a market driven by longer-term investors rather than short-term speculation. Whether that demand is enough to defend the $80 support level remains one of the key questions for Solana in the weeks ahead.

[etfs]

futures traders are heading for the exits while spot buyers keep quietly filling their bags