Whale Makes Bold Move on SOL with 20x Leverage

Data on January 7 revealed a whale placed a massive leveraged bet by acquiring 70,000.58 SOL, valued at around $9.74 million, at an average price of $137.28, capturing widespread market attention.

  • Position Details: The whale used 20x leverage to amplify exposure and potential returns.
  • Market Impact: The move triggered discussions among traders and analysts, suggesting strong confidence in SOL’s outlook.
  • Price Outlook: A breakout above key resistance could pave the way for further bullish momentum.

This strategic trade highlights growing interest in leveraged crypto positions amid rising market optimism.