Whale Profits from Shorting SOL as Price Drops to $90

A major cryptocurrency investor has reportedly made significant gains by shorting Solana (SOL) as its price fell to $90. According to Odaily, the investor, identified by the address 0x35d...acb1, began shorting SOL in November last year and currently has unrealized profits of $30.35 million. The investor holds SOL short positions valued at $53 million, with an average opening price of $143. Additionally, the address holds smaller short positions in Bitcoin (BTC) and Ethereum (ETH), bringing total unrealized profits to over $35 million.