Add as a preferred source on GoogleSolana Drops 4.94% in Four Hours to $96.74 on Binance Spot
SOL was down 5.67% over 24 hours. Long liquidations totaled $23.05 million, compared with $560,000 in shorts, during the same one-hour period.
Solana (SOL) fell 4.94% in four hours to $96.74 at 5:10 p.m. ET (21:10 UTC) Thursday, Oct. 29, based on TokenPost’s direct collection of public Binance spot SOL/USDT quotes. The token was down 5.67% over the prior 24 hours.
The four-hour move was measured from $102 to $96.74 using exchange-published prices. The $96.74 snapshot was the Binance SOL/USDT spot price at that time.
During the same one-hour period, TokenPost’s combined liquidation tally across Binance, Bybit and OKX recorded $23.05 million in SOL long liquidations and $560,000 in short liquidations. Long positions bet on prices rising, while short positions bet on prices falling. The dollar value of long positions closed by liquidation greatly exceeded the value for shorts during that hour.
Solana ranked seventh by market capitalization at about $58,364,410,000.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.