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$1.36 Billion Liquidated as Solana Falls to $160 in Market Slump

A broad cryptocurrency market downturn triggered $1.36 billion in liquidations, with Solana’s price falling sharply to $160.

SOL

Summary

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Terms & Concepts
  • Liquidation: The forced closure of a trader's position due to insufficient margin to cover potential losses.
  • Solana (SOL): A high-performance blockchain platform known for fast transactions and low fees, supporting decentralized applications.