Crypto crash liquidation totals questioned as records contradict $18B Solana figure
Public records and on-chain data suggest the reported $18B Solana liquidation tally may be inaccurate.
A new report has cast doubt on the widely circulated $18 billion Solana liquidation figure from the recent crypto market crash, pointing to inconsistencies with public records and on-chain data.
According to CryptoSlate, the paper trail reveals Binance pricing failures and on-chain auto-deleveraging (ADL) events that complicate the calculation of actual liquidated positions. These findings suggest that the reported total may not accurately reflect what happened.
Disclosure gap persists
The report also highlights a disclosure gap that regulators have yet to close. Without standardized reporting from exchanges, the true scale of forced selling during the crash remains difficult to verify.
- Public records contradict the $18B Solana claim
- Binance pricing failures were identified in the paper trail
- On-chain ADL events were detected but are not reflected in official tallies
- Regulators have not yet addressed the disclosure gap
Accurate liquidation data is essential for both market analysis and regulatory oversight. This report suggests that current public figures may be incomplete, underscoring the need for more transparent reporting mechanisms.