Market data in the post says roughly $11 million in Solana shorts were liquidated over the last 60 minutes as the token climbed sharply.
Solana rose to $96, triggering about $11 million in liquidations of short positions in the past hour, according to the provided post. Short liquidations happen when traders betting on lower prices are forced to close positions as prices move higher, often adding to upward volatility. The source gives no additional details on exchanges, total market-wide liquidations, or the precise timing beyond the stated 60-minute window.