$120 Million in Solana Positions Liquidated Amid Market Decline

The recent downturn in the crypto market has led to significant liquidations, with Solana-based perpetuals dominating over centralized exchanges.

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Terms & Concepts
  • $SOL: The native cryptocurrency of the Solana blockchain, used for transactions and staking within the network.
  • liquidation: The process of closing a leveraged position in the market, typically triggered when the value of the asset falls below a certain threshold.
  • perpetuals: A type of derivative contract that allows traders to speculate on the price of an asset without an expiration date.