There has been an interesting phenomenon in the past couple of days. A top trader has been continuously building long positions in $SOL over the last 15 hours, accumulating a total of 208,000 tokens, which is roughly $27 million at the current price. Judging by the actions, this is clearly not a panic sell at a high point, but rather a strategy to continue averaging down and betting on a subsequent rebound.

Looking at their account details makes it even clearer. Currently, the largest position is in $ETH, with a total of approximately $601 million in long positions, an average entry price around $3,147. The current unrealized loss is about $38 million. The $BTC holdings are around $88 million, with an average price of $91,506, and a relatively small unrealized loss of only $2.9 million. The $SOL position is about $62 million, with an average price of $130.2, and an unrealized loss of $4.03 million.

Overall, the account is in a floating loss, but the act of adding to positions indicates they haven't given up yet. Whether the market can give this guy a chance to turn things around is uncertain; it all depends on how the market moves next.