Solana Faces $6 Billion Short Bet as Price Drops 12% from Peak

Solana (SOL) has faced increased selling pressure since it climbed to an all-time high of $264.63 on November 24. Exchanging hands at $232.72 at press time, the coin’s value has since dropped by 12%. With waning bullish sentiment in the broader cryptocurrency market, this downward trend has prompted a surge in short positions, with traders betting on a further SOL price drop. Solana Price... source: https://beincrypto.com/sol-price-drop-6-billion-short-bet/