Posted 12/28/2023, 5:52:00 PM
SOL Price Extends Pullback Below $100 as Traders Take Profits, Over $32M Longs Liquidated
- SOL dipped below $100, extending its pullback to over 20% from Monday's high of $125
- Over $32M of leveraged long positions liquidated, accelerating the price drop
- Solana-based meme tokens like BONK and WIF down 50% from all-time highs in December
- BNB rallied 9% to reclaim 4th spot in crypto ranking from Solana
- Pullback signals overheating rally, with traders moving capital out of SOL to lock in profits