A whale tracked by on-chain watcher Ai Yi is holding a 20x leveraged long position on 517,000 SOL, with the position now valued at roughly $47.09 million. The reported average entry price stands at $79.3222, and the unrealized profit has reached about $6.3 million.
On-chain data shows the whale first opened the position on Aug. 10, when it became one of the largest SOL long bets in the market at the time. The address then closed about half of the position on Aug. 19, locking in around $475,000 in profit. Later that night, it added back exposure near $82.16, restoring the portion that had been cut.
The whale is still carrying a large leveraged SOL long, according to the monitoring update cited by BlockBeats. Further changes in the position remain in focus as traders watch whether the address continues to add, reduce, or unwind exposure.
BlockBeats reported on Aug. 21, citing monitoring by Ai Yi, that a whale is holding a 20x leveraged long position on 517,000 SOL. The position is currently worth about $47.09 million, with an average entry price of $79.3222 and an unrealized profit of roughly $6.3 million.
The position was partially closed and then rebuilt on Aug. 19
On-chain data shows the whale opened the position suddenly on Aug. 10, making it one of the largest SOL long positions at the time. On Aug. 19, the address closed about half of the position and realized about $475,000 in profit. Later that night, it added back to the trade near $82.16, restoring the portion that had previously been closed.
The whale still holds a large leveraged SOL long. Its next position change is being closely watched.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
