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Solana Rebounds After $1B Liquidation Shock, Ecosystem Expands 

  • Solana's token dropped to $127, the lowest level since April, but rebounded to $146 after a ceasefire announcement.
  • Over $1 billion in crypto liquidations were triggered by Middle East conflict fears, impacting Solana and other cryptocurrencies.
  • Solana's market cap declined by 4%, but its trading volume increased by 12%, indicating higher on-chain activity.
  • The ecosystem saw growth with the surge in Solana's perpetual DEX volume, launch of a Solana-based digital dollar, and other ecosystem updates.

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