#SOL liquidation hits $448 million#

Recently, SOL price has surged significantly, rising by as much as 18.74% in the past 24 hours, currently trading at $261.06. However, this surge has also triggered a massive liquidation event, with total contract liquidations across the network reaching $448 million. Among this, long positions accounted for $328 million, representing 73.21% of the total liquidations. Data shows that in the past hour, total contract liquidations across the network reached $10.25 million, with long positions accounting for $8.16 million, representing 79.46% of the total liquidations. This indicates that the recent rapid rise in SOL price has triggered a large number of long position liquidations, and the concentrated liquidation of long positions has further exacerbated market volatility. Although SOL price has surged significantly in the short term, this event serves as a reminder to investors that market risks still exist. It is necessary to proceed with caution, avoid chasing gains excessively, manage positions effectively, and engage in risk management.