Solana Leverage Fund Draws Fresh Cash Even as Token Slides
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The ProShares Ultra Solana ETF, SLON, logged fresh inflows of $2,269,308 on January 20, 2026, a sizable move that underscores renewed risk appetite for leveraged Solana exposure. The latest flow amounts to roughly 7.39% of the fund’s assets under management, which now stand at $30,722,696—an unusually large daily shift for a single-theme crypto-linked product.
The related asset, SOL-USD, is currently trading at $126.97, down about 33.4% over the past three months, reflecting the broader cooldown in altcoins after last year’s rally. Despite that drawdown, traders appear to be using SLON to position for a potential rebound or to tactically trade short-term volatility, even as the token’s near-term technical backdrop remains fragile.
On a one-day basis, Solana’s technical outlook is flashing a bearish tone, with the signal sitting at Sell. That contrast—sizeable ETF inflows against a negative short-term setup—suggests that new money entering SLON may be more speculative in nature, either betting on a reversal of recent weakness or employing leveraged hedging strategies around the underlying coin.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.