Solana's price has dipped by 6.34%, resulting in a total liquidation of $14.98 million in the past 24 hours. Long traders experienced more liquidation at $11.40 million, while short traders saw $3.57 million in liquidations. This indicates that investors had anticipated the coin's price to continue rising. The decrease in trading volume by 38.27% to $6.23 billion has led to a decline in investor confidence. The price of SOL is currently down by 6.73% at $247.95. Analysts believe that SOL's price decline may have been influenced by Bitcoin's slip in the overall crypto market. Notably, other altcoins such as XRP, Dogecoin, and dogwifhat also experienced similar patterns of liquidation, with long traders facing higher levels of liquidation.



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