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Solana Drops 4.6% in Four Hours to $104 as Long Liquidations Top $12M

SOL was down 6.84% over 24 hours, while long positions accounted for nearly all one-hour liquidations across three major exchanges.

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Metallic purple coin beside a sharply descending red price line / TokenPost.ai
Metallic purple coin beside a sharply descending red price line / TokenPost.ai

Solana (SOL) fell to $104 at 8:09 p.m. ET Monday (00:09 UTC Tuesday), down 4.58% from $109 four hours earlier, while long-position liquidations totaled $12.27 million.

The price was measured on Binance’s spot SOL/USDT market using TokenPost’s direct collection of exchange prices. SOL was down 6.84% over the preceding 24 hours at the same time.

One-hour liquidations across Binance, Bybit and OKX totaled $12.27 million for long positions and $40,000 for short positions. Solana ranked seventh among crypto assets by market capitalization, at about $62.18209 billion.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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