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Big whale adds 210,000 SOL at dawn, with a total long position unrealized loss of nearly $60 million
【Chain News】An interesting on-chain movement: A whale that previously opened a long position with $230 million suddenly made a move early yesterday morning after holding their position steady for a week, adding another 210,000 SOL tokens, equivalent to approximately $25.2 million.
After this operation, the whale’s total long position has expanded to $740 million — but the current paper loss doesn’t look good. Overall, there is an unrealized loss of $59.96 million. Breaking it down:
ETH portion is the most painful: 203,000 tokens, a cost basis of $3,147, with an unrealized loss of $49.39 million. BTC portion is relatively stable: 1,000 tokens, a cost basis of $91,506, with an unrealized loss of $4.33 million. SOL portion includes the latest added position: 511,000 tokens, an average cost of $130.1, with an unrealized loss of $5.24 million.
The signal from this increased position is very clear — the whale is not scared off by the unrealized loss, but instead chooses to continue accumulating SOL at low levels. Whether they are optimistic about a rebound or have other intentions, the market is still observing.
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Floating loss of 60 million and still adding to the position? Either they are a genius or a complete lunatic. Betting on a rebound
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NGL, this move is a bit extreme. Continuing to accumulate SOL at low levels... If it rebounds, it would be a legendary bottom-fishing move
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A floating loss of 59 million, oh my god. How much mental strength does it take to keep buying?
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Adding 210,000 SOL is really ruthless. I feel like they are betting on the bottom
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The on-paper loss for ETH is too ugly, 49 million floating loss... How strong must this whale's mentality be?
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Adding at low levels sounds very rational, but only if a rebound is truly possible. Otherwise, it’s like walking into a trap
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This guy is either bottom-fishing or doing suicidal add-ons. No other possibility
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Honestly, I really want to know this whale’s cost basis and mentality. Such a large floating loss and still so decisive...
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It's good to be optimistic, but this move is too risky. Only those who can hold up are not ordinary people
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That part about ETH is indeed heartbreaking, but as long as it rebounds a few hundred dollars, it should be able to break even. This brother still has quite a gambling spirit.
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Continuing to add positions at low levels... Either he's a genius or he's trapped and giving up, can't tell the difference.
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Forget it, I won't watch anymore. Small investors are prone to self-doubt when seeing this kind of operation. Copying others' trades is safer.
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Honestly, daring to add positions in this situation either means strong conviction or having no other options at all, haha.
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Over 740 million in positions with floating losses of 59 million, how strong must that mentality be? I would have been emo long ago.
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Ah... it looks like he's trying to lower the average cost, but it feels more like he's being forced to top up his position.
This guy must have seen something we can't see, or he's just a pure gambler.
That ETH part really hits hard. With a floating loss of nearly 50 million, he still adds to his position? Amazing.