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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Major Whale Makes Strategic Move: $6.66M BTC Short on Solana with 20x Leverage
Gate News bot message, a significant market movement occurred as a whale trader executed a series of strategic transactions. The trader deposited 60 BTC (equivalent to $6.66 million) into Hyperliquid, subsequently establishing a short position on SOL with 20x leverage, amounting to $7.09 million.
In a related transaction, the same whale acquired 41,261 SOL tokens, valued at $8.97 million, by closing multiple long positions across various cryptocurrencies including BTC, ETH, SOL, FARTCOIN, and SUI.