3 Altcoins Facing Liquidation Risks in the Third Week of December
Despite general crypto fear, specific altcoins like SOL, ADA, and PIPPIN face significant short or long liquidation risks this week due to market positioning and project-specific catalysts.Summary
The crypto market sentiment in the third week of December is marked by extreme fear, favoring short positions. However, three altcoins—Solana (SOL), Cardano (ADA), and PIPPIN—face specific liquidation risks.
For Solana (SOL), short liquidations of up to $1 billion could occur if the price hits $147, while long liquidations near $500 million are possible if it drops below $120. SOL is supported by sustained institutional demand via ETF inflows and positive news regarding XRP integration.
Cardano (ADA) also sees increased short leverage, with $50 million in short liquidations possible at $0.45. This is countered by positive sentiment around its associated Midnight privacy project, whose token (NIGHT) is surging, potentially driving demand for ADA.
PIPPIN, a meme coin, has high long liquidation risk (over $9 million below $0.30) despite recent gains. This risk is amplified by high supply concentration in just 93 wallets (holding 73% of the supply) and a lack of recent updates from the project's linked account, suggesting potential for a sharp sell-off.
(Source：BeInCrypto)