Trader Taps Solana With $10.45M Bet After Ethereum Profit Hits $11.2M

A large Ethereum position that has generated an $11.2M profit has led to a new, high-stakes investment in Solana.

The trader, who is known for holding 100,000 SOL with a 20x leveraged long position, valued at approximately $10.45 million, entered the trade at $104.55 per SOL.

This move comes amid a broader market recovery, where Ethereum and Solana have both posted significant gains over recent weeks.

The trader's decision to open this new position underscores their high-conviction bullish stance on the crypto market, but it also carries substantial liquidation risk if prices move against them.