Solana, Monero and Render carry high liquidation risk this week

Beincrypto reports three altcoins — Solana, Monero and Render — face a high risk of large liquidations as the altcoin market enters the second week of January. Solana traders show strong optimism after Pump.fun DEX volume hit an all-time high and daily meme-token deployments surged, but Santiment data shows weekly new-wallet growth fell from 30.2 million in November 2024 to 7.3 million.

Coinglass liquidation data indicates potential cumulative long liquidations far exceed shorts, and the token has jumped as high as $144 while facing resistance near $145. The report says if longs keep chasing without tight stops, nearly $1 billion in long liquidations could occur if SOL falls back to the $132 area this week.

Monero has set a new all-time high while rival Zcash has weakened; Coinglass’s seven-day heatmap shows potential long liquidations dominating shorts. XMR now touches a resistance trendline in place since 2018 and Coinglass reports futures open interest has surged by nearly $180 million to the highest level in history — factors that raise selling pressure and liquidation risk, with a pullback to $454 putting more than $20 million of long positions at risk.

Key Topics

Crypto, Solana, Monero, Render, Pump.fun Dex, Santiment