Kalshi traders price SOL at $57 low this month
Kalshi prediction-market traders are pricing Solana's native token SOL to drop as low as $57 this month, reflecting short-term bearish sentiment on the cryptocurrency from users of the regulated event-contract platform. Positioning on the CFTC-regulated venue signals that prediction-market participants see downside risk for SOL, extending Kalshi's recent push into crypto-linked event contracts alongside its newer perpetual futures products. The pricing gives directional traders an alternative sentiment gauge beyond spot exchanges and futures open-interest data. Kalshi has been expanding its crypto offerings this week, with traders also repricing Bitcoin year-end floor contracts and the platform securing first-mover regulatory approval for U.S. bitcoin perpetual futures.
Kalshi's SOL floor contract adds a second major crypto token to its short-dated sentiment lineup after Bitcoin, giving DRW, Wintermute, and IMC — which just opened dedicated prediction market desks — another implied-volatility surface to arbitrage against spot and perpetual markets. The $57 strike becomes a tradable floor that futures data alone do not provide.
Joins a recent Kalshi crypto vertical expansion that already has DRW, Wintermute, and IMC opening dedicated prediction market desks and the CFTC approving its bitcoin perpetual futures, as the platform builds both retail sentiment contracts and institutional-grade infrastructure simultaneously.