Summary
Solana has surged 11% in the past day, becoming the fourth largest cryptocurrency by market capitalization. The price is $206.11 with a market cap of $92 billion. More than $12 million worth of Solana short positions have been liquidated in the past day. The ecosystem has been reeling from an issue with the SLERF meme coin launch, where a dev accidentally burnt $10 million raised during a token presale. The dev is working to make things right for presalers who lost money.
Key Points
1. Solana has surged 11% in the past day, becoming the fourth largest cryptocurrency by market capitalization, surpassing Binance’s BNB token. The Solana price is currently $206.11 with a market cap of $92 billion.
2. More than $1 million worth of short contracts have been liquidated in the past hour, surpassing both Ethereum and Bitcoin in the same time period. Over $12 million worth of Solana short positions have been liquidated in the past day.
3. The Solana ecosystem has been facing issues with the SLERF meme coin launch, where a developer accidentally burnt $10 million worth of funds raised during a token presale. The developer is working to address the situation and make it right for presalers who lost money.