Solana Faces Prolonged Negative Sentiment Amid Negative Funding Rates

Crypto KOL Ted posted on X that Solana's funding rate has remained negative for 17 consecutive days, marking a significant downturn in sentiment surrounding the cryptocurrency. This negative sentiment is reportedly the worst it has been in at least two and a half years. The prolonged negative funding rate indicates a bearish outlook among traders and investors, reflecting broader concerns within the market. Solana, known for its high-speed blockchain capabilities, has faced challenges in maintaining positive investor sentiment amid fluctuating market conditions. The extended period of negative funding rates suggests ongoing skepticism about Solana's short-term prospects, despite its technological advancements and previous market performance.