The cryptocurrency Solana (SOL) is experiencing a rebound after a significant price drop. The coin has seen a 10.2% increase in the past 24 hours, reaching $142.55. Short sellers of SOL suffered the most liquidations, with $18.35 million being liquidated. Long traders also saw losses, with a drawdown of $8.46 million. The overall crypto market experienced a milder sell-off of about $301 million. The recent sell-off in Solana was triggered by the unlock of the FTX Estate's stash, but now investors are focusing on the potential approval of a Solana ETF, which could attract institutional investors and drive price growth.



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