Over $95 Million in $SOL Positions Liquidated Amid Crypto Market Decline

Solana-based perps lead with $50 million in liquidations, outpacing centralized exchanges during the downturn.

SOL

Summary

In the last 24 hours, over $95 million in $SOL positions were liquidated due to a broader crypto market decline. Liquidations on Solana-based perps amounted to $50 million, surpassing the $46 million liquidated on centralized exchanges.

Terms & Concepts
  • Solana-based perps: A type of decentralized perpetual contract on the Solana blockchain, used for trading and leveraged positions without the need for centralized exchanges.