Solana bulls blinked on Tuesday as ProShares’ leveraged Solana fund saw investors pull cash, even while trading signals turned upbeat on the token itself. ProShares Ultra Solana ETF SLON recorded outflows of $623,880 on March 24, 2026, trimming its assets under management to $22.41 million and erasing roughly 2.8% of its capital base in a single session.
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The related asset, SOL-USD, is changing hands at $82.99 after a bruising three months that left it down about 35.41%, underscoring the volatility facing leveraged Solana products. Despite the drawdown, short-term sentiment has brightened, with a one-day technical signal flashing Buy, hinting that some traders see a near-term rebound opportunity.
The disconnect between SLON’s brisk outflows and Solana’s improving technicals suggests leveraged ETF holders may be de-risking after a prolonged slump rather than positioning for an imminent bounce. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.