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Solana (SOL) drops 5.23% in 4 hours amid $5.84M long position liquidations on major exchanges

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Solana (SOL) drops 5.23% in 4 hours amid $5.84M long position liquidations on major exchanges

Solana (SOL) experienced a 5.23% price decline from $113 to $107 within four hours on October 8, with a total 24-hour loss of 8.35%. The token, ranked seventh by market capitalization at about $63.34 billion, saw $5.84 million in long position liquidations across Binance, Bybit, and OKX, while short liquidations were minimal at $20,000. The price drop occurred without a clear cause from available market data, highlighting volatility in the digital asset market. Investors should monitor SOL's price movements closely amid ongoing market fluctuations.

Solana's market cap stands at Rp1.146,45 trillion on Pluang as of October 9, 2026, 00:42 WIB, with a 24-hour trading volume of Rp73,83 trillion. The token's price is currently Rp1.912.911, down 8.09% in the last day, while Pluang order activity shows a majority of 68% buying interest. Typical holding time on Pluang is 71 days, indicating a moderate-term investor base amid recent volatility.

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