Community Articles
via BeInCrypto · By BeInCrypto Editorial
Solana (SOL) Hits Lowest Level in 2.5 Years as $88 Million in Longs Get Liquidated
SOL
SOL/USDT
$75.25
-0.21%
$75.25
-0.21%
(24s)24h Volume
$553,220,743.22
24h H/L
$75.74 / $75.17
Change: $0.5700 (0.76%)
Long/Short
72.3%
Long: 72.3%Short: 27.7%
Funding Rate
-0.0014%
Shorts pay
Data provided by COINOTAG DATALive data
BE
BeInCrypto Editorial(12:24 PM UTC)
1 min read
Solana (SOL) dropped to its lowest price since December 2023 this week, sliding toward $68 as more than $88 million in leveraged positions were wiped out across the market.
Long traders absorbed almost all of the damage. On-chain activity and social interest had been weakening for months before the breakdown, which suggests the selloff reflected fading demand rather than a single shock.
Long…
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