Back

Solana Short Liquidations Top $16 Million as SOL Nears $94

More than 3,100 traders were liquidated worldwide over the past 24 hours as SOL moved toward the $94 level, according to the source.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Liquidation: A forced closure of a leveraged trading position after losses trigger an exchange’s risk controls.
  • Short position: A bearish trade that profits if an asset falls, but can be forced out if the price rises instead.
  • Solana: A blockchain network designed for high-speed transactions and decentralized applications.