Solana Soars on Short Liquidation Frenzy

Solana's price surged to $117 on September 24th at 12:37 p.m. ET (16:37 UTC), marking a 3.57% increase from its previous value of $113 just four hours prior.

The jump in Solana's price was accompanied by significant short liquidations, totaling $2.23 million across major exchanges like Binance, Bybit, and OKX within the same one-hour period.

No long positions were liquidated during this time, further emphasizing the market's sentiment towards short sellers.