Solana’s leverage trade came back into focus this week as ProShares’ Ultra Solana ETF, SLON, drew $3.31 million of fresh capital on February 5, 2026, in one of its largest single-day hauls since launch. The inflow lifted assets under management to $17.11 million, meaning roughly 19.3% of the fund’s capital base turned over in a single session.
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The surge of interest lands against a bruising backdrop for the underlying token. The related asset, SOL-USD, is trading at $80.68 after tumbling about 47.7% over the past three months, and its 1-day technical signal currently flashes Sell.
Such a sizable flow into a leveraged Solana vehicle suggests traders are positioning either for a sharp rebound or leaning into continued volatility rather than abandoning the ecosystem altogether. With sentiment still fragile and technicals under pressure, SLON’s latest inflow underscores how tactical crypto ETF investors have become in timing high-beta exposure.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.