Solana News Update: Major Solana Investor Exits Large SOL Position While Top ETH Players Double Down
- A Solana whale sold 30,678.76 SOL ($1.265M loss), leaving $22.74M in unrealized losses amid shifting whale strategies. - Contrasting moves see "Smart Money" whale adding $9.96M in ETH (2,621.95 tokens) to a $62.35M leveraged long position. - Market fragility grows as $222.7M in short losses reported, with Ethereum's $41–$42 support level critical for short-term price action. - Institutional crypto derivatives activity rises, including SEC's $1B HYPE staking application and Binance's large ETH orders. - W
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
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trust Wallet’s TWT-Driven Initiative Bridges the User Acknowledgment Gap in Web3
- Trust Wallet launches Trust Premium, a TWT-powered loyalty program rewarding users for swaps, staking, and asset holding via tiered rewards. - The program addresses Web3's lack of user recognition by offering gas discounts, exclusive airdrops, and early access to features for Gold-tier members. - CEO Eowyn Chen highlights the shift from "earn and forget" to sustained value, aligning with Trust Wallet's mission to make Web3 accessible and rewarding. - Launched November 3, 2025, the initiative integrates r
Hong Kong’s answer to Silicon Valley emerges as PARK AURA becomes a hub for AI and Web3 startups
- Meitu founder Cai Wensheng announced full occupancy of PARK AURA, a HK$650M AI-Web3 startup hub in Hong Kong's Tin Hau district. - The 25-floor building features AI-themed spaces, free shared offices, and studios to foster innovation and talent retention. - Cai emphasized Hong Kong's "rich talent pool" and urged government-industry collaboration to accelerate AI-Web3 growth, mirroring Silicon Valley models. - He projected a $40T crypto market by 2035, aligning with Hong Kong's crypto-friendly policies th
Blockchain Connects Traditional Finance as UBS Achieves Tokenized Fund Breakthrough
- UBS AG executed its first tokenized fund transaction via Chainlink's blockchain infrastructure, marking traditional finance's integration with decentralized technology. - Chainlink's DataLink service enabled real-time, tamper-proof data feeds for UBS's tokenized funds, enhancing transparency through institutional-grade market data integration. - The milestone follows UBS's $3.25B bond issuance and HSBC price upgrade, reflecting its strategic shift toward blockchain-driven solutions amid regulatory scruti
Democratizing Blockchain Profits: Mevolaxy’s Application Facilitates $3.6 Million in Distributions
- Mevolaxy, a U.S. mevstake platform, launched a mobile app and reported $3.6M in Q3 payouts, surpassing its previous record. - Its Mevstake system democratizes MEV strategies by pooling liquidity, offering fee-free staking with reduced market risk through locked terms. - The app emphasizes real-time tracking and user-friendly design, aligning with the platform's mission to make blockchain earnings accessible to all users. - Backed by experienced blockchain engineers and DeFi specialists, Mevolaxy's growth
Trending news
MoreCrypto prices
More
