20x Leveraged $85M SOL Long Yields $4.6M Profit in 24h
A 30-day smart trader opened a 20x leveraged long position in Solana (SOL) worth $85 million, according to Nansen data. Over the past 24 hours, the unrealized profit on this SOL position reached $4.6 million, marking a 109% gain. The trader has also generated multi-million dollar profits on long positions in Bitcoin (BTC) and Ethereum (ETH). This event underscores growing whale interest in leverage trading and could signal continued upward momentum in major cryptocurrencies.
Bullish
A large 20x leveraged SOL long that nets a 109% gain in a day reflects strong bullish conviction from whales. Historically, such high-profile leveraged wins can attract additional speculative capital and drive price momentum upward in the short term. Continued profits on BTC and ETH by the same trader further reinforce positive sentiment across major tokens. While excessive leverage carries liquidation risks, this whale’s success may encourage more leveraged long entries, supporting both near-term rallies and renewed trader confidence in a broader market uptrend.