Solana Is Down 15% Since Hitting a 14-Month High. Is the Rally Over?

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Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

07:46spectacular comeback – up over 300% this year – has captivated crypto market participants after the coin was one of the most beaten-down assets during the bear market.

Sam Bankman-Fried Started Buying Solana's SOL at 20 Cents Using 'Alameda Profits,' He Says at His Trial Derivatives traders with leveraged short SOL positions – bets on lower prices – endured nearly $10 million of liquidations during the buying rush Wednesday, the most in over the past three months, Despite the encouraging signs of rejuvenation for the ecosystem, total value locked on the Solana network still lingered at $855 million, down from $10 billion two years ago, per

 

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