A Solana (SOL) whale is struggling to stay afloat amid the current crypto market downstream that pulled SOL down 34% in one day.
Colin Wu of Wu Blockchain tells his 237,100 Twitter followers that a Solana whale is in liquidation and currently has 2,450,418.5 SOL in collateral and 44,871,609 USD Coin (USDC) in debt.
Source: Colin Wu/Twitter
With SOL trading at $15.02 at time of writing, that haul is worth more than $36.8 million. The 14th-ranked crypto asset by market cap is down nearly 36% in the past 24 hours.
Wu also reports that Solana is currently dealing with congestion “due to the update of the oracle.”
Crypto assets plummeted across the board this week after Tuesday’s stunning collapse of embattled exchange FTX’s native FTX Token (FTT).
FTX is battling what it’s described as a “liquidity crunch” after facing a flood of speculation that the exchange is relying far too heavily on holdings denominated in FTT.
On Monday, Binance CEO Changpeng Zhao said his company ha
We współpracy z: https://dailyhodl.com/2022/11/10/solana-whale-faces-51000000-liquidation-as-sol-tumbles-over-34-in-one-day-on-chain-data/
