Crypto
Trader Takes $19.78 Million Leveraged Long Position in Solana
A trader known as 0x13da has opened a sizable 5x leveraged long position in Solana (SOL), worth approximately $19.78 million. The trade covers 164,642 SOL tokens, with a liquidation price set at $99.68.
The trader’s previous Solana trades reportedly had a 78% win rate, accumulating around $4.74 million in cumulative profits. This track record suggests a level of confidence in the trader’s strategy.
The leveraged position highlights the trader’s bullish outlook on Solana, despite the inherent risks associated with high-leverage trading. The liquidation price indicates the point at which the position would be automatically closed if the market moves against the trader.