SOL Token Sees $72.71M Liquidations as U.S. PPI Data Drives Volatility and Price Drop

Solana (SOLUSDT) experienced heightened volatility in the past 24 hours, with over $72.71 million in liquidations coinciding with the release of U.S. Producer Price Index (PPI) data, which contributed to increased market uncertainty and price fluctuations. Despite robust trading volumes and Solana recently surpassing Ethereum in perpetual futures trading, the price declined by 2.80% over the last 24 hours, opening at 195.97 and currently trading at 190.49 on Binance. The asset saw intraday highs near $198.44 and lows around $187.78, with trading volumes ranging from $9.46 billion to $13.24 billion and a market capitalization of approximately $105 billion, reflecting continued strong market interest amid short-term volatility.