On February 23, new onchain data revealed that a high-net-worth trader deposited 2 million USDC into a decentralized trading platform to increase their long position in SOL. This move, which utilizes 20x leverage, highlights the trader's strong bullish sentiment toward SOL's future price trajectory.
ETH Long Position with Leverage
In addition to the SOL exposure, the same trader maintains a leveraged long position in ETH worth $11.14 million, also operating at 20x leverage. These high-risk, high-reward strategies suggest the trader is aggressively positioning for upward momentum across major crypto assets.
- Trader deposits $2M USDC into the platform
- Funds used to increase SOL long with 20x leverage
- Hold a $11.14M ETH long position with same leverage
Notably, the trader still has pending orders in place, suggesting a potential plan to further expand their positions and reinforcing their confident market outlook.