Historic Liquidation Event Highlights Solana Resilience Against Ethereum, Whi...
The sudden and violent market correction triggered by geopolitical shockwaves served as an unprecedented stress test for the entire cryptocurrency ecosystem, exposing critical differences in network architecture. While the multi-billion-dollar liquidation event sent prices plunging across the board, Solana demonstrated remarkable resilience, whereas the Ethereum network and liquidity thinned during the peak volatility. Why Solana High-Performance Design Continues To Shine In an X post, the Nasdaq-listed go-to Solana Digital Asset Treasury (DAT), DefDevCorp, has revealed that when the....
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The on-chain analytics firm Glassnode has revealed how Solana has recently shown more resilience than Bitcoin and Ethereum in this indicator. Solana Has Seen A Smaller Decline In Hot Capital Than Bitcoin & Ethereum In a new post on X, Glassnode discusses how the various top coins in the cryptocurrency sector have performed in terms […]
During the weekend, the entire cryptocurrency market saw a notable downward move, with the price of Solana losing the $200 mark in a swift and sudden pullback. Nonetheless, this sharp bearish move in price did not hinder the network’s on-chain activity, which continues to grow strongly. While Markets Crashed, Solana Network Stood Strong The Solana […]
After a historic weekend of liquidations, where do the bitcoin price and investor interest currently stand?
The Ethereum price saw a notable price plunge on Monday when the Ethereum Foundation reportedly started selling coins. This plunge, in turn, triggered a series of liquidation events that have seen ETH traders suffer massive losses in the last day. Ethereum Liquidation Volumes Cross $30 Million. By Tuesday, October 10, the Ethereum liquidation numbers triggered by the price crash ramped up quickly to cross the $32 million market. As expected, long traders suffered the majority of the losses with Coinglass data pointing to 87.61% of all ETH liquidation volumes coming from long traders.....
Following a recent pullback, Ethereum, the leading altcoin, appears to have entered a bearish state, with the asset constantly dropping towards the $4,000 price mark. As the broader crypto market faced a significant downswing on Monday, ETH’s sudden decline has led to the liquidation of several long positions. Ethereum Leads In Massive Crypto Liquidation The […]