While no single source directly confirms the specific loss of $5.03 million, there is a substantial body of contextual evidence that makes the statement highly plausible. Multiple sources establish the necessary market conditions for such an event to occur. One high-authority source confirms that a very high percentage (82.51%) of recent Solana liquidations were from long positions, aligning perfectly with the statement. Another source corroborates this by reporting that Solana-specific leveraged positions experienced aggregate losses of around $100 million. A $5.03 million loss is a very specific figure that fits well within this larger, confirmed wave of liquidations. Other relevant sources discuss Solana's price volatility and whale activity, which are the typical drivers of such leveraged losses. There is no contradictory evidence among the provided sources. Sources that mention other cryptocurrencies (Ethereum, Avalanche, Zcash) or provide general information are irrelevant to the specific claim. Notably, one source mentions the number '5.03 million' but in the completely unrelated context of a different coin's token supply, which is a coincidence and does not support or refute the claim. Given the strong, consistent, and converging circumstantial evidence from relevant sources describing the exact market dynamics required for the stated event, the statement is assessed as likely true.