Solana (SOL) price edges lower below $90 at press time on Friday, following a 2% decline the previous day, and risks a bearish flip within a broader consolidation range. Data shows cumulative flow in Solana Exchange Traded Funds (ETFs) holds strong, reflecting committed institutional demand. Retail interest in Solana remains volatile, as a spike in long liquidations leads to positional unwinding in SOL derivatives and a negative funding rate. Technically, headwinds above $90 keep the recovery in check, risking a correction to $77.

Bitcoin-based decentralized finance platform Solv Protocol says one of its token vaults was exploited for $2.7 million and has offered the attacker a 10% bounty in exchange for returning the stolen funds.

Solv…