🔴 SOLT is trading 7.14% down in pre-market as Solana was reported below $100

SOLT is trading at $52.56, down 7.14% in pre-market as Solana weakness weighs on the fund.

• SOLT seeks twice Solana’s daily performance, making weakness in the underlying token relevant.
• Solana was reported below $100 overnight amid broader crypto-market weakness and reports of continued outflows from Solana-focused funds.
• These point to sector pressure, not a confirmed SOLT-specific announcement. Major U.S. indices are mixed, and the supplied context does not establish a broad-market cause.