Whale Trying to Save Long on Solana, Where Key Opening is Approaching: Added! - Coin Bulletin

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A whale that opened a 3x leveraged long position on the Solana (SOL) by depositing two million dollars worth of USD Coin (USDC) reduced the liquidation level by adding margin.

According to on-chain data, an investor who opened a 3x leveraged long position for SOL on the Hyperliquid platform by depositing 2 million dollars worth of USDC two hours ago entered at the level of 142.54 dollars and initially faced liquidation risk at the level of 97.45 dollars. However, today the whale increased the margin by depositing another 2 million dollars worth of USDC from the same wallet.

With this new margin increase, the liquidation level of the investor's position has dropped to $69.42. Such major moves made by whales are being closely monitored due to their market impacts.

According to CoinGecko data, SOL experienced a 2.7% decline in the last 24 hours and is currently trading at $134.

Solana (SOL), investors predominantly turned to put options on Deribit as it lost value ahead of the upcoming major unlocking event.

SOL4.26%
USDC-0.01%
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