Almost $50 Million Liquidated Short Orders as Ethereum, Solana and FXGuys Surge

Investors are currently reorganizing their portfolio for 2025, and $49.49 million worth of short orders were liquidated across leading exchanges in September. According to Coinglass, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) recorded the highest liquidations.

Even though many investors canceled their short orders, ETH and SOL still surged in early September. Furthermore, a new token called FXGuys ($FXG) is attracting investors in the blockchain space, and we believe the token will do 900% before the year runs out.

Ethereum Records Short Order Liquidations Worth $18 Million

On September 11, 2024, Coinglass reported that about $17.90 million worth of ETH short orders were liquidated.

According to analysts on FXStreet, Ethereum liquidations may be a result of rising exchange reserves or lack of interest in Ether Spot ETFs. They also noted that Ethereum’s open interest needs to increase to fuel an ETH rally.

Despite this exit from the Ethereum market, ETH surged in September and surprised institutional investors. On September 6, ETH traded for $2,174. By September 11, ETH already gained 10.07% and traded for $2,393.

We believe this unexpected ETH price surge will push traders to back the altcoin and explore newer tokens like $FXG in Q3 2024.

$5 Million worth of SOL Short Orders Liquidated

Apart from Ethereum, Coinglass also showed that investors liquidated $5.06 million worth of Solana short orders on September 10, 2024.

In other news, Solana investors are getting ready for the Anatoly-hosted Breakpoint Fireside conference coming up on September 21, and we believe SOL will see a massive pump in its spot price before Q3 2024.

On the market front, Solana has struggled since August and this led investors to liquidate their short orders. However, SOL recorded a short rally between September 6 and September 10, leading to renewed investor confidence in SOL. On September 6, SOL traded for $122. Within five days,SOL gained 3.01% and sold for $137.

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FXGuys: Traders Await the World’s First Decentralized Broker

FXGuys is the next big thing in the financial industry. When this decentralized broker launches, it will offer multiple asset options to traders and provide them with the necessary analytical tools to succeed.

On FXGuys, traders have the opportunity to register for a challenge phase and get up to $200,000 in trading capital when they pass.

For context, the challenge phase is an evaluation stage that will help FXGuys determine if traders are ambitious and competent enough to qualify for its Forex Funding Program. As qualified traders continue to perform and bring in profits, FXGuys will increase their trading capital to $500,000 while maintaining an 80/20 profit-sharing formula.

Thanks to FXGuys, the trader takes the bigger share of the profit pie and that share can increase over time. On the other hand, FXGuys also runs a Trade2Earn program (T2E) that rewards traders with $FXG tokens anytime to take trades on the platform.

$FXG is the platform’s native token, and investors are betting on the token's success in 2025 as the platform continues to garner immense attention from investors.

$FXG’s Upcoming Launch: Investors Eye Huge Profits

Currently, $FXG is in its private sale phase and the token is selling for $0.015. Savvy traders and investors are already accumulating $FXG and patiently waiting to use the FXGuys platform when it launches.

Aside from better trading options, $FXG will likely list on major crypto exchanges for $0.10 and deliver a 566% profit for new investors and a staggering 900% ROI to early $FXG investors who purchased $FXG tokens at $0.01 in the seed funding phase.

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