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Crypto

Traders Load Up on Leveraged Solana Bets Amid Crypto Market Recovery

Guavy AI Editorial Team
Instruments
ETH SOL
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A cryptocurrency trader has opened a highly leveraged position in Solana (SOL), according to blockchain tracking platform Lookonchain.

The trader, who has accumulated an unrealized profit of approximately $11.19 million on an Ethereum (ETH) long position, entered a 20x leveraged long position in 100,000 SOL, valued at around $10.45 million.

The entry price for the SOL position was $104.55 per SOL, and the trader is also maintaining a 4x leveraged long position in 20,000 ETH, worth about $49.91 million.

This move comes amid a broader market recovery, with both Ethereum and Solana posting significant gains over recent weeks.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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