BlockBeats News, January 20 — According to HyperInsight monitoring, the whale known as “20 Million Wave Hunter” (0x880a…) has been continuously taking partial profits on its SOL short positions over approximately half an hour. In two transactions, it reduced its SOL short holdings by a total of 17,841.27 SOL, worth about $2.369 million.
The address first reduced its position by 9,871.05 SOL (approximately $1.353 million) at 17:00, realizing an unrealized profit of about $501,000; then at 18:00, it reduced another 7,970.22 SOL (approximately $1.016 million), realizing an unrealized profit of about $389,000. The return rates for both profit-taking operations exceeded 106%. After completing this round of profit-taking, its SOL short position size has decreased to approximately $4.008 million.
This address is known for high-frequency, multi-asset swing trading, with an average holding time of about 20 hours. Since October last year, with an initial capital of approximately $20 million, it has accumulated nearly $100 million in profits.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Foundation targets institutions with new privacy framework
The Solana Foundation is making a new pitch to large institutions: privacy as a customizable feature, not a trade-off.
In a report released on Monday by the foundation, _“_Privacy on Solana: A Full-Spectrum Approach for the Modern Enterprise_,”_ the organization argued that the next phase of
CoinDesk1h ago
Backpack launches BP token on Solana with 25% airdrop, no insider allocation
Backpack Exchange launched its cryptocurrency token, BP, on Monday, distributing 25% of its total supply through airdrops, primarily benefiting active users. The token's structure emphasizes user allocation over insiders, with future unlocks tied to company growth and potential IPO plans.
CoinDesk1h ago
Solana Second-Generation Phone Seeker Launches the Sanctum Application
Gate News, on March 24, Solana Mobile announced that Solana's second-generation phone Seeker has launched the Sanctum application, a Solana ecosystem LST protocol. Users can now download it from the Solana app store.
GateNews5h ago
Russia Approves Cryptocurrency Legislation, Bitcoin, Ethereum, and Solana Permitted for Listing
The Russian government approved the "Digital Currency and Digital Rights Act," establishing a regulatory framework for cryptocurrency. The act sets three admission standards, allowing qualified digital assets to enter the market. The investment limit for ordinary citizens is approximately $4,000, and privacy coins are prohibited. Violations will result in fines and criminal penalties. The act must be passed by July 2026.
MarketWhisper5h ago
