Solana, Dogecoin Rally as Short Liquidations Exceed $260M
Markets rallied over the weekend, led by Solana, Dogecoin, XRP, Ethereum, and Cardano. Each gaining 3%–4% as short sellers were forced to cover positions.
Liquidations of about $260 million in shorts helped fuel the move, bringing total 24-hour crypto liquidations to $345 million according to Coinglass data. Analysts say the surge began with Bitcoin’s uptick triggering short squeezes. Which rippled into altcoins. Shivam Thakral, CEO of BuyUcoin, expects that prices will consolidate before capital rotates into narrative-driven themes like Layer 2, AI, and staking derivatives during Q4.
Clever Robot News Desk 29th September 2025
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