Citing Blockchainreporter, a major Solana whale is aggressively expanding a leveraged short position in Solana (SOL), now valued at $53 million with over $20 million in profits. The whale has been incrementally increasing the position using 20x leverage, with entry prices between 141.11 and 141.52 USDC. The position currently holds a floating profit of $11.5 million and a total return on equity of 434.27%. The trader has no long positions and is operating with a high margin ratio, indicating potential for further expansion. Market participants are closely watching the whale's next move.
Solana Whale Expands $53M Short Position with $20M Profit
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