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Solana (SOL) drops nearly 5% in hours amid $23M long position liquidations

Market News
30 Oct 2026, 00:18 WIB
Tokenpost
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Bearish
Solana (SOL) drops nearly 5% in hours amid $23M long position liquidations

Solana (SOL) fell 4.94% to $96.74 within four hours on October 29, with a 5.67% decline over 24 hours. This drop triggered $23.05 million in long position liquidations across major exchanges, far exceeding short liquidations. The significant sell-off highlights volatility in SOL trading, as investors betting on price rises faced heavy losses. Solana remains the seventh largest cryptocurrency by market cap at about $58.4 billion.

Solana trades at Rp1.772.608 on Pluang as of Oct 30, 2026 04:31 WIB, down 4.84% in one day. The market cap stands at Rp1.070,49 trillion with a 24-hour volume of Rp54,37 trillion. Sell orders dominate at 65%, reflecting cautious sentiment among Pluang investors.

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