Whale Holds 550K SOL Long for Six Weeks, Up $22.43M

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.