Monitoring service Ember flagged an address executing a time-weighted average price (TWAP) order to build a long position in Solana, targeting 500,000 SOL worth $38 million. As of August 9, the address had filled 186,000 SOL, valued at $14.16 million, at an average long price of $76 per token, according to BlockBeats. TWAP strategies slice large orders into smaller trades over time to limit market impact. The stated target leaves 314,000 SOL outstanding.
On-chain monitoring service Ember detected an address that is accumulating a long position in Solana through a TWAP order, targeting 500,000 SOL worth $38 million.
As of August 9, the address had filled 186,000 SOL — $14.16 million — at an average long price of $76, according to BlockBeats. The stated plan leaves 314,000 SOL outstanding.
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