Over $200M in Solana Longs Liquidated as Traders Switch to INTL & XRP Before SEC Appeal Deadline

/Intelmarket/ – In crypto, market dynamics can change in an instant. This week, Solana (SOL) took a hit as over $200 million in longs were liquidated, shaking up the market. Traders quickly scrambled to adjust their portfolios ahead of a key SEC appeal deadline.

Now, two assets are grabbing the spotlight: IntelMarket (INTL) and XRP. IntelMarket offers stability through real-world asset tokenization in a volatile crypto market. Investors see this platform as a strategic alternative that offers both stability and growth potential.

Solana Longs Face $200M Liquidation: What Went Wrong?

Solana (SOL) traders got slammed this week. Over $200 million in longs were liquidated, leaving investors scrambling. Market volatility and fallout from the FTX collapse drove the sell-off. With the SEC appeal deadline approaching, many traders now look to safer assets like Intelmarket (INTL) and Ripple (XRP).

FTX’s bankruptcy added to Solana’s woes. The exchange held $1.16 billion in SOL tokens, and its ties to Sam Bankman-Fried shook investor confidence. Many now call Solana “Sam’s coin,” adding to the negative sentiment. Experts say this connection makes investors wary and has fueled the recent sell-off.

Moreover, Solana’s price took a beating after the liquidations. It rebounded slightly but hit resistance at $22-$25. This level remains a major hurdle for any real recovery. Analysts point to the $18 support zone as a crucial marker.

If it fails, further declines could follow. The price swings and uncertainty have traders looking elsewhere, and many are now eyeing Intelmarket (INTL) and Ripple (XRP) as more reliable bets.

Traders Pivot Towards Stability: Why Intelmarket (INTL) Is Gaining Traction?

Recent liquidations and regulatory pressure have left traders searching for reliable alternatives, and INTL’s appeal has increased due to its real-world asset tokenization. By offering a model that tokenizes tangible assets like real estate and commodities, IntelMarket provides both security and inherent value, which is becoming increasingly critical as the SEC tightens its grip on the industry.

Adding to its appeal, IntelMarket has integrated advanced anti-manipulation algorithms to keep prices steady, even in volatile markets. platform’s focus on compliance and transparency makes it a go-to choice for investors seeking refuge from regulatory uncertainty. Furthermore, its growing list of strategic partnerships, including collaborations with financial institutions and tech firms, adds credibility and expands its ecosystem.

Moreover, its Route X21 protocol, a quantum-resistant technology, is designed to protect digital assets against emerging security threats. This, combined with IntelMarket’s comprehensive insurance coverage on certain high-value assets, positions it as a leader in the next generation of digital finance.

As a result, IntelMarket’s presales raised over $10 million within the first 48 hours. Currently, it’s in Stage 2 with 27,622,475  already sold. Such strong presales activity not only underscores the market’s confidence but also validates INTL’s vision of offering stability and growth potential in one package.

XRP’s Resurgence During Regulatory Uncertainty

Another player in the spotlight amid regulatory turmoil is Ripple (XRP). Despite ongoing legal battles with the SEC, Ripple (XRP) has shown surprising resilience. Recently, its trading volume surged by 47%, reflecting renewed interest. Analysts note its price has held strong at key support levels, suggesting that traders are regaining confidence.

Furthermore, experts credit the Ripple (XRP) core use case in cross-border payments for its stability. Its blockchain remains robust, drawing in developers and institutional partners. With contracts listed on BNB Smart Chain, insiders believe Ripple (XRP) could see a sharp rise if the legal issues are resolved favorably.

Moreover, the numbers add weight to this sentiment. The Ripple (XRP) market cap stands at $35.55 billion, ranking it among the top cryptocurrencies. A healthy 4.05% volume-to-market cap ratio signals active trading. Meanwhile, 56.56% of its total supply is in circulation, reducing inflation concerns and boosting liquidity – two pillars of market strength.

Despite legal setbacks, the solid fundamentals of Ripple (XRP) and strong market positioning keep traders optimistic. Analysts see $0.62 as a key support level. A positive legal outcome could push it higher. For now, XRP’s performance reflects resilience and potential, proving it can endure even the toughest regulatory storms.

Conclusion

Right now, traders are pivoting towards assets that offer stability and potential. Solana’s struggles and the Ripple (XRP) uncertain future make IntelMarket (INTL) an attractive alternative. Its asset-backed tokens and advanced security features create a solid foundation for growth.

Furthermore, INTL’s early success in its presale rounds signals strong investor confidence. With a compliance-first approach and unique tokenization model, it stands as a reliable choice in a shaky market.

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