According to Lookonchain, a trader closed a significant Solana (SOL) short position and incurred a $1.05 million loss within just 4 hours. This rapid liquidation highlights the current volatility in the SOL market and signals heightened risk for short sellers. Traders should closely monitor Solana price action and liquidity levels, as sharp upward moves may trigger further short liquidations, impacting overall crypto market sentiment. (Source: Lookonchain via X.com)