Solana Soars 10% in 24 Hours as Futures Volume Hits All-Time High on CME!

Hang onto your hats, crypto fans! Solana (SOL) just rocketed nearly 10% higher in the last day, fueled by a tidal wave of bullish vibes sweeping the crypto market. And get this: the altcoin's futures volume on the Chicago Mercantile Exchange (CME) blasted off to a new record high!

According to the data wizards at Glassnode, Solana's CME Futures volume smashed through the roof at a mind-blowing 1.75 million contracts!

This epic milestone went down in the past 24 hours and perfectly synced with a jaw-dropping comeback for the SOL token. After dipping to a low of $125 amidst the chaos of the Middle East conflict, SOL shot up to hit a high of $146. Right now, the altcoin is hovering about 50% below its all-time peak of $294, which it reached back in January 2025.

SOL CME futures hit 1.75m contracts

The CME futures volume for Solana reaching "the highest on record" is a massive signal that institutional investors are chomping at the bit for this altcoin. It looks like they're getting ready to ride the wave of a potential SOL price comeback!

$SOL CME Futures volume just shattered the all-time high, hitting a staggering 1.75M contracts – the highest ever recorded! This explosive surge screams that institutional investors are going all-in as the price bounces back to around $145.

The last time SOL traded above $150 was on June 20, 2025, but then it took a nosedive to $125 during the same sell-off that knocked Bitcoin (BTC) down to nearly $98k. But don't worry, Bitcoin has since bounced back above $105k, sparking gains across the entire crypto market.

Solana's recent gains have slashed its weekly losses for SOL price to less than 1% at the time of writing.

Back in March 2025, CME Group dropped the bombshell news of launching SOL futures, giving traders access to both micro-sized and larger-sized contracts. Whether you're into the 25 SOL micro-sized contract or the beefier 500 SOL contract, there's something for everyone!

"With the launch of our new SOL futures contracts, we're answering the call for a wider range of regulated products to help manage the wild ride of cryptocurrency prices," said Giovanni Vicioso, CME Group's global head of cryptocurrency products.

After a sluggish start with less than 400k in volume during April and May, the numbers have skyrocketed, blowing past 1 million contracts this week. Analysts are buzzing that this huge CME futures volume could be a big thumbs-up for Solana exchange-traded funds. Recently, experts gave SOL spot ETFs a whopping 95% chance of getting the green light in 2025!

Coinglass data shows open interest in Solana has surged to over $6 billion. Meanwhile, derivatives volume has jumped by more than 28% to a whopping $19.2 billion.