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What Happens When Large SOL Positions Are Liquidated?

calendar_today July 23, 2024 domain bitquery

Solana, known for its high-speed transactions and low fees, has quickly become a significant player in the decentralized finance (DeFi) ecosystem. The SOL token is central to Solana’s operations, facilitating transactions and smart contracts. However, the concentration of SOL in large holdings, often referred to as “whales,” presents substantial risks, especially in scenarios of forced liquidations.

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