Solana Whale 0x35d Takes 20x Leveraged SOL Short, $15.9M Unrealized Profit as Market Drops

COINOTAG News, citing Onchain Lens, reports that a prominent whale identified as 0x35d increased a 20x leveraged SOL short as the market logged a broad pullback. The position now shows an unrealized profit of about $15.9 million, underscoring how large holders deploy aggressive leverage to express downside views amid declines in the Solana ecosystem.

Analysts note that this whale activity may reflect risk management and liquidity considerations rather than a directional forecast. High-leverage positions can amplify volatility and influence near-term price action, particularly in SOL during earlier market stress. For readers, this signal highlights the importance of monitoring Onchain Lens alerts and ongoing liquidity dynamics to gauge potential support or resistance levels in the Solana market.