🔴 SOLT is trading 2.7% down today as it pulls back after recent short-covering gains

SOLT is trading at $30.08 (down 2.7%) as the 2x Solana leveraged ETF continues to pull back following its sharp short-covering rebound on July 30, 2026.

• The move appears to be ongoing consolidation as recent gains are being digested amid generally soft cryptocurrency prices.
• This downward trend follows a roughly 4% decline reported on July 31, 2026.