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Solana Whales Increase Engagement in Bearish Options Plays on Deribit Amid SOL Meltdown and Impending Unlock

24/02/2025

in SOLUSD

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SOL block trades accounted for nearly 25% of the total solana options activity on Deribit last week.
Most of the block trades featured put options, which offer downside protection.
Slowdown in the onchain activity and the impending unlock weigh over the token's price.

Source: https://www.coindesk.com/markets/2025/02/24/solana-whales-increase-engagement-in-bearish-options-plays-on-deribit-amid-sol-meltdown-and-impending-unlock

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