Another wave of late-night activity. This major trader, who gained fame for profiting from short positions during the 1011 flash crash, just quietly added to his position—buying 207,316 SOL tokens worth $25.498 million. The move is quite substantial, and he also placed nearly 2,684 limit orders for SOL between $122.74 and $123.01, waiting to buy more.

Looking at his overall account status, his SOL holdings alone are worth $63.06 million. Including other cryptocurrencies, the total portfolio value reaches $754 million. However, the current unrealized loss is still significant—$43.32 million, with ETH making up the majority.

Choosing to add to his position at this late hour—does this guy believe in a rebound for the market, or is he bottom-fishing? Based on the size of his holdings, he's definitely putting real money on the line.