$SOL Selling pressure weighs heavily on SOL, New Whale Emerges Deposits $4 Million to "Short" SOL.

Bearish pressure on Solana mounts as a new market participant enters the arena with a massive bet against the asset.

SOL
SOLUSDT
87.79
+3.96%

🔸 Onchain data reveals that a newly created wallet has deposited $4 million into the decentralized exchange.

🔸 Immediately upon deposit, the whale utilized the capital to open a Short position on SOL leverage 3x.

🔸 Creating a fresh wallet solely to execute a high value short position signals strong conviction that Solana's current correction has further to run.

This whale is betting $12 million that SOL goes lower. Are you brave enough to Long here, or do you follow the smart money Short?

News is for reference, not investment advice. Please read carefully before making a decision.