SOL whale closed 2,683 coins in the morning, with a position of 5.11 million coins and an unrealized loss of $58.04 million

2025-12-26 01:40:10

Abstract generation in progress

【Crypto World】On December 26th, on-chain data revealed an interesting phenomenon: during the morning market decline, a whale address holding over 51.1 million SOL was very active.

Specifically, the 2,683.68 SOL order from this address has been fully executed. What is the background of this transaction? According to on-chain analysis, the address opened a short position at SOL 1011 and subsequently closed it during the flash crash.

From the position data, this address still holds 511,612.85 SOL, which is worth approximately $61.57 million at the current price. However, there is a detail— their average opening price was $130.19, and SOL has now fallen to $120.4, resulting in an unrealized loss of about $50.3 million on this portion of the position.

What is even more noteworthy is the overall position of this address. The total holding value is about $740 million, with unrealized losses already expanding to $58.04 million. Such a large volume facing pressure during a downtrend is quite significant.

SOL0.94%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
5
Repost
Share

Comment

0/400

Lonely_Validator

· 4h ago

Whale's move this time, the short positions still haven't been fully covered, holding on with an unrealized loss of 5.03 million.

View OriginalReply0

LiquidityWhisperer

· 4h ago

Oh no, even this whale is cutting losses The short position still made some profit, but the spot is so deeply trapped, probably betting on a rebound I'm most afraid of these big traders closing positions, are they unloading? Falling to 120 and still holding 5.11 million SOL, mental toughness is impressive Flash crash liquidation was wise, but holding onto a floating loss of over 50 million, that's a bit desperate I'll try not to watch the whale's movements anymore, watching too much will keep me awake This price is still a bit away from the entry price, probably still going to short.

View OriginalReply0

alpha_leaker

· 4h ago

This whale really knows how to play. Making money from short positions isn't enough; they also rely on spot holdings. Over 50 million in unrealized losses, yet they still sit comfortably at the fishing platform—no one can match their mindset.

View OriginalReply0

PensionDestroyer

· 4h ago

Oh no, this whale's short position caught the bottom, but they still got trapped for over five million. It's a bit tragic.

View OriginalReply0

ApeShotFirst

· 5h ago

Wow, this giant whale is really ruthless. Still making profits on short positions and continuing to hold. I, as a retail investor, have long been sleepwalking.

View OriginalReply0