Solana surpasses US$225… US$25 million of short positions liquidated in a day

JOON HYOUNG LEE

Summary

Solana (SOL) price broke US$225, continuing its uptrend.
Over the past 24 hours, US$25 million worth of short positions were liquidated.
Solana was reported to be trading at US$225.45, up 11.98%% from a week ago.

Solana (SOL) price has been on an uptrend, and recently US$25 million (approximately KRW 35 billion) worth of short (sell) positions were liquidated in a single day.

SolanaFloor said on the 2nd (local time) via its official X account, "Solanak's price topped US$225 again, and more than US$25 million of short positions were liquidated over the past 24 hours."

Solana's price began to rise again since the end of last month. According to CoinMarketCap, as of 8:40 p.m. that day, Solana is trading at US$225.45, up 3.64% from the previous day. Compared to a week ago, it is up 11.98%.

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