TREE NEWS reports: A whale opened a long position of 550,000 SOL at $80.8 in early August and is now sitting on an unrealized profit of $22.43 million after holding for about six weeks, on-chain analyst Yu Chen monitored. SOL rose from the $70s to above $120 over the same period.
Whale Holds 550K SOL Long for Six Weeks, Up $22.43M
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AI take
This is a positioning story, not a market-structure one: a single large long, opened in early August and held through SOL's move from the $70s to above $120, is now carrying roughly $22.43 million in unrealized gains. What matters is that the profit remains unrealized, so the position is still live exposure rather than a booked exit. Whether that size gets scaled out into strength or held through a pullback is the open question for near-term liquidity.
Generated by AI for reference only.
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