## Whale Quickly Replenishes SOL: 210 Thousand New Holdings, Long Positions Lose Over $58 Million



According to on-chain monitoring data, the whale that has frequently appeared in the crypto market recently made a move again. After about seven days of silence, the whale significantly increased its holdings last night, adding 210 thousand SOL tokens, worth approximately $25.2 million.

**Position Size Continues to Expand**

As of now, the total size of this whale's long positions has reached $740 million, but it faces an unrealized loss of up to $58.96 million. Ethereum (ETH) remains its largest exposure.

The whale currently holds 203 thousand ETH, with a position value of about $590 million. This position was opened at a price of $3,147, and at the current market price of $3.02K, the unrealized loss amounts to $49.39 million.

In terms of Bitcoin (BTC), it holds 1,000 coins, with a total value of $87.17 million. The position was opened at $91,506, and at the current price of $90.32K, it is experiencing a loss of $4.33 million.

**Implications of the SOL Replenishment**

The latest addition of Solana (SOL) has now become its third-largest holding. Including the newly added 210 thousand tokens, the whale holds a total of 511 thousand SOL, with a total position of about $61.36 million. These SOL tokens were bought at a price of $130.1, and with the current market price at $127.83, the unrealized loss is $5.24 million.

This whale's replenishment activity indicates that large capital continues to stick to its bullish strategy, despite all major positions currently being in a floating loss. The additional purchase of 210 thousand SOL further highlights institutional interest in the Solana ecosystem.
SOL2,16%
ETH3,32%
BTC1,88%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin