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Solana's SOL token jumps past $116, triggering $18M in short position liquidations amid a strong short squeeze.

Market News
21 Sep 2026
Crypto Briefing
View Source
Bullish
Solana's SOL token jumps past $116, triggering $18M in short position liquidations amid a strong short squeeze.

Solana's SOL token surged past $116, causing a major short squeeze that liquidated over $18 million in bearish positions. This rally began after SOL broke through the $110 resistance level for the first time in seven months, forcing short sellers to buy back at higher prices and accelerating the price increase. Futures open interest rose 18% to about $7 billion, with futures trading volume vastly outpacing spot volume, indicating heavy market leverage. This event highlights significant market participation and vulnerability to sharp price moves in Solana derivatives.

Solana trades at Rp2.079.386 on Pluang, up 8.79% as of Sep 21, 2026 19:45 WIB. The market cap stands at Rp1.220,57 trillion with a 24-hour volume of Rp86,64 trillion. Buyers dominate with 62% order activity, and typical hold time is 70 days, showing strong retail interest.

More News (SOL)

Solana (SOL) rallies over 5% as ZetaChain migration and ETF demand boost momentum above $110.

Solana (SOL) rallies over 5% as ZetaChain migration and ETF demand boost momentum above $110.

Solana's price rose about 5.2% in 24 hours, breaking past the $108-$110 resistance level, driven by ZetaChain's decision to migrate its ZETA token to Solana and strong institutional demand via Solana ETFs. The technical outlook improves with a new ta...

Market News
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Solana tests key $115 resistance amid bullish signals and record stablecoin activity.

Solana tests key $115 resistance amid bullish signals and record stablecoin activity.

Solana (SOL) is trading around $108.79 after pulling back from $112.39, testing support near $107.50. The recent break above $96 signals a bullish market structure, with key resistance at $112-$115. A close above $115 could confirm a broader upward t...

Technical Signals
Bullish
6 hours ago
ZetaChain votes to end its Layer 1 blockchain, migrating ZETA token to Solana for better speed and AI focus.

ZetaChain votes to end its Layer 1 blockchain, migrating ZETA token to Solana for better speed and AI focus.

ZetaChain token holders approved Proposal 68 with 99.4% support to discontinue ZetaChain's Layer 1 blockchain and migrate the ZETA token to Solana as an SPL token on a 1:1 basis. This move aims to leverage Solana's faster transactions, lower fees, an...

Protocol Fundamentals
Neutral
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ZetaChain to shut down its blockchain, migrating ZETA tokens to Solana SPL format.

ZetaChain to shut down its blockchain, migrating ZETA tokens to Solana SPL format.

ZetaChain token holders voted overwhelmingly (99.4%) to shut down the project's independent Layer 1 blockchain and migrate ZETA tokens to Solana as native SPL tokens. The migration will convert tokens on a 1:1 basis, with a change in decimal precisio...

Protocol Fundamentals
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11 hours ago
Russia's MOEX adds XRP to crypto perpetual futures, expanding regulated crypto derivatives market.

Russia's MOEX adds XRP to crypto perpetual futures, expanding regulated crypto derivatives market.

Russia's Moscow Exchange (MOEX) will launch perpetual futures contracts for XRP alongside Bitcoin, Ethereum, Solana, and TRON on September 22. These contracts, quoted in USD but settled in Russian rubles, allow qualified investors to gain price expos...

Market News
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20 hours ago
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