Whales at 1011 Open Short increased their buying, with Longing SOL positions exceeding $700 million.

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A cryptocurrency whale continued to buy more SOL , raising its total holdings to approximately 301,612.8 SOL (about $37.36 million), despite having an unrealized loss of about $3.42 million.

This move comes after the whale increased their ETH position. The individual, described by AiYi as an insider, had previously Short after the 1011 flash crash, and their total Longing position now exceeds $700 million.

MAIN CONTENT
  • The whales purchased an additional 51,612.85 SOL, bringing their total to approximately 301,612.8 SOL.
  • The Medium opening price was approximately $135.2; the unrealized loss was approximately $3.42 million.
  • The total Longing position after this purchase has exceeded $700 million.

Whales increased their SOL holdings to 301,612.8 SOL.

The whale purchased an additional 51,612.85 SOL, bringing its total SOL holdings to approximately 301,612.8 SOL, worth about $37.36 million at the latest prices.

According to AiYi, this is a well-known whale in the blockchain community, identified as an insider who Short after the 1011 flash crash. The continued accumulation of SOL occurred after this wallet increased its ETH position.

At a valuation of $37.36 million for 301,612.8 SOL, the SOL position is now part of a larger Longing portfolio. Updated data suggests whales are still accepting short-term volatility to maintain their accumulation trend.

Medium opening price $135.2; unrealized loss $3.42 million.

The Medium opening price of the SOL position was recorded at approximately $135.2, with a current unrealized loss of approximately $3.42 million.

The unrealized loss reflects the difference between the Medium opening price and the market price at the time of the survey. However, after this additional purchase, the whale's total Longing position officially exceeded $700 million.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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