An Whale Trader Goes Long 20x on 517,000 SOL, Holding with Unrealized Gains of $6.3 million

BlockBeats News, August 21st, according to AiWhale Monitor, a whale went long with 20x leverage on 517,000 SOL. The current value of the long position is approximately $47.09 million, with an average entry price of $79.3222 and an unrealized PNL of about $6.3 million.

On-chain data shows that the whale suddenly entered the market on August 10th, becoming one of the largest SOL long positions at the time. On August 19th, the whale closed about half of the position, realizing a profit of around $475,000. Later that same day, in the late night hours, the whale reentered near $82.16, replenishing the previously closed portion of the position.

The whale currently holds a substantial leveraged long position in SOL, and the subsequent changes in its position are worth watching.