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Solana (SOL) drops 6.35% in 4 hours amid $11.88M long liquidations on major exchanges

Market News
05 Nov 2026, 17:57 WIB
Tokenpost
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Bearish
Solana (SOL) drops 6.35% in 4 hours amid $11.88M long liquidations on major exchanges

Solana (SOL) experienced a sharp decline of 6.35% within four hours, falling to $90.35 on Binance as of Nov. 5, 10:50 a.m. ET. Over the past 24 hours, SOL dropped 6.51%, reflecting significant selling pressure. During the same one-hour period, long position liquidations across Binance, Bybit, and OKX totaled $11.88 million, far exceeding short liquidations of $530,000. Solana remains the seventh largest cryptocurrency by market capitalization, valued at approximately $53.89 billion. This price drop and liquidation activity indicate heightened volatility and potential investor caution in the Solana market.

Solana is trading at Rp1.640.500 on Pluang, down 6.54% over the past day. As of Nov 05, 2026 23:02 WIB, the market cap stands at Rp973.92 trillion with a 53% sell order activity, indicating continued selling pressure.

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