đ SOL Rockets to $100, Leaving 54,000 Traders Wrecked - BTC Dominance Slips
In a staggering ascent, SOL's price has catapulted to $100, marking a meteoric rise. The crypto space, led by Solana, witnessed a whirlwind of gains, resulting in a seismic shift. Here's the breakdown:
đ Altcoin Surge and Liquidations:
Many altcoins, driven by Solana's momentum, experienced significant gains, toppling over $150 million in liquidated positions. The aftermath: over 50,000 traders left in the wake of this explosive market movement.
đ SOL's Remarkable Journey:
In a matter of weeks, Solana's native token has transformed the crypto landscape. From languishing below $50 a month ago, SOL soared to an impressive $100 today, outpacing even its April 2022 peak.
đ Altcoin Standings:
Surging ahead, SOL not only overtook XRP but also claimed the fourth spot, showcasing a 17% surge. This comes amid BNB's notable 7% surge, reaching its own multi-month peak at $275.
đ Impact on BTC Dominance:
While Bitcoin saw a modest 1.5% increase, the collective rise in altcoins has chipped away at BTC's dominance, reducing it by 0.5% to just under 52% on CoinMarketCap.
â ïž Trader Casualties and Liquidation Figures:
As the altcoin rallies unfolded, over-leveraged traders bore the brunt, with a staggering 54,000 individuals liquidated in the past day. The total liquidation value reached close to $150 million, highlighting the volatility of the current market.
The crypto landscape continues to evolve rapidly. Stay tuned for more updates and insights.
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