Solana’s $100B Surge: Shorts Are Squealing Like Pigs!

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While Bitcoin takes a nap, Solana is out there doing the cha-cha! 💃🕺 Its market cap just shattered the $100 billion barrier like it was a piñata! 🎉💥

Solana’s Wild Ride Sparks a Derivatives Party! 🎉🧨

Solana is having a strong week, climbing 15.5% over the past seven days and adding another 5.5% in just the last 24 hours. As of 10 a.m. Eastern on Monday, SOL is trading at $192.71 per coin. 🚀💸

Its market cap also broke past the $100 billion threshold this week and now sits at $103.71 billion. In the derivatives arena, SOL’s climb has triggered $16.5 million in liquidations, with short sellers taking the brunt—$11.6 million worth of shorts have been wiped out. 😂💸

Open interest in solana ( SOL) futures has been heating up faster than a jalopy in a desert! 🚗🔥 SOL’s price now hovers near $193, and judging by the latest metrics, open interest has tracked right alongside its upward momentum—pushing toward levels not seen since late 2021. 📈📈

Traders are clearly piling in, with a fresh burst of leverage chasing SOL’s rally. Among exchanges, Binance leads the pack with $2.24 billion in open interest, followed by Bybit at $1.56 billion. 🧀🧀

BingX, though smaller, stood out with a whopping 33.35% jump in OI over the past 24 hours. Meanwhile, CME has carved out a 4.36% share of the action, while Bybit saw a 24.24% rise despite a dip in short-term activity. Across the board, OI grew 13.74% in a day, with bets stacking faster than a magician’s deck! 🃏🔥

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2025-07-21 19:57