Based on KanalCoin, Solana long leverage traders faced over $95 million in liquidations on September 21, 2025, amid a broader crypto sell-off. The event raised concerns about the asset potentially dropping to $200 and highlighted the risks of leverage in volatile markets. Bitcoin and Ethereum also saw $284 million and $500 million in liquidations, respectively, with other major tokens like XRP, DOGE, and ADA declining between 5%–11%. Experts noted parallels to past market corrections and emphasized the need for improved risk management and potential regulatory changes.
Solana Traders Face $95M in Liquidations Amid Crypto Sell-Off
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