Big Whale on SOL Accumulation Spree: $63M Position After Recent Volatility

SelfCustodyBro · 2026-01-16T12:06:19+00:00

A cryptocurrency trader known for shorting during the 2021 crash has shifted strategies, accumulating 207,316 SOL tokens worth $25.5 million. Despite significant unrealized losses of $43.32 million, the trader is increasing their Solana holdings, indicating potential market confidence.

SelfCustodyBro

2026-01-16 12:06:19

Abstract generation in progress

A major cryptocurrency trader known for shorting during the October 1011 market crash has executed a significant reversal in strategy, aggressively accumulating Solana (SOL) positions. On-chain intelligence platform Deep Tide TechFlow detected that the whale added 207,316.32 SOL tokens—valued at approximately $25.5 million—to their holdings. The trader simultaneously placed strategic buy orders ranging from $122.74 to $123.01 for an additional 2,683.68 SOL, suggesting confidence in SOL’s near-term support levels.

Current Portfolio Status

The accumulator’s total SOL holdings are now worth around $63.06 million, representing a substantial bet on the altcoin’s recovery. According to analyst Ai Aunt’s (@ai_9684xtpa) tracking, the same account maintains a diversified crypto portfolio valued at $754 million across multiple assets. This positioning indicates the trader is maintaining broad market exposure while specifically doubling down on Solana exposure.

The Catch: Significant Unrealized Losses

Despite the aggressive accumulation strategy, the account carries a noteworthy burden. The current unrealized loss across the portfolio stands at $43.32 million, with Ethereum (ETH) losses alone accounting for approximately $37.33 million of that figure. This suggests the trader had previously bet on ETH or diversified holdings that have underperformed against their initial entry points, even as they add fresh capital to their SOL position.

Market Context

With SOL currently trading at around $143.14, the whale’s buy orders at $122.74-$123.01 indicate an expectation for potential pullbacks or view of support levels. The trader’s history of contrarian positioning—profiting from the 1011 crash through shorts—suggests this SOL accumulation may signal insider conviction about upcoming market movements. Whether this represents genuine bullish conviction or a defensive averaging-down strategy remains a topic of interest for the broader trading community monitoring large wallet movements.

SOL-2,37%

ETH-1,83%

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