Solana News Update: Major Solana Investor Exits Large SOL Position While Top ETH Players Double Down
A significant
This stands in contrast to other whales who have increased their positions in
The Solana whale's decision mirrors a wider trend of investors seeking safety amid market swings. Recently, a veteran
Analysts point out that Ethereum’s crucial $41–$42 support range could shape short-term price moves, with leveraged trades increasing risk. Hyperliquid’s derivatives market is seeing more institutional activity, including a $1 billion SEC staking application for HYPE and substantial ETH orders on Binance. Despite these changes, the crypto market remains unstable, with $222.7 million in short liquidations and $182.6 million in long gains recently reported.
The Solana whale’s losses highlight the dangers of leveraged trading. While the average entry price for SOL was $198.22, the current market has wiped out gains from previous rallies. In comparison, the "Smart Money" whale’s ETH position, with an average entry of $3,741.34, is closer to break-even, though unrealized profits have dropped to $654,000 from a previous peak of $8.61 million.
With uncertainty lingering, whale movements continue to influence market sentiment. The "Smart Money" whale now holds the second-largest ETH long on Hyperliquid, serving as a key signal for Ethereum’s direction. On the other hand, the Solana whale’s exit underscores the vulnerability of high-leverage approaches in turbulent conditions. As institutional interest in crypto derivatives grows and retail traders face mixed signals, the actions of these major players are likely to impact short-term price trends.
As reported by
