Recently, as SOL's price dropped near $90, a crypto whale has gained over $30 million in floating profit from a short bet placed months ago. According to on-chain data analysis, the whale started building a short position on SOL last November, with a total investment of $53 million and an average entry price of $143.
In addition to the SOL shorts, the wallet also holds small short positions in BTC and ETH, bringing the total unrealized profit to over $35 million. Analysts suggest that the whale's strategy could offer insights to traders, though caution is advised due to market volatility.
As the crypto market continues its turbulent trend, investors are urged to monitor price movements and maintain careful risk management.