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 Holds Near $93 as Weak Volume Clouds Breakout Outlook
Key Insights
Solana trades near $93 within a narrow range as neutral indicators and weak volume highlight indecision and limit conviction in short-term price direction.
Key resistance near $94.81 and support around $81.78 define the range, with breakouts likely to trigger stronger
CryptoNewsLand32m ago
Solana Slips Below Key Support as ETF Flows Turn Negative
Key Insights:
Solana fell below a six-week trendline, shifting focus toward 85 dollars support and a potential move to $67.44 if weakness continues
Exchange outflows reached over 39 million dollars in three days, signaling reduced sell pressure while also tightening liquidity during price v
CryptoNewsLand41m ago
4 Best Cryptos to Buy Today: Comparing Solana, Pepe Coin, Worldcoin, & BlockDAG’s Growth Potential
The 2026 crypto market is moving at a breakneck pace, driven by institutional adoption and breakthrough blockchain technologies. For traders aiming to capitalize on rapid price shifts, identifying assets with high liquidity and strong market catalysts is essential. This guide examines the current tr
BlockChainReporter1h ago
3 Cryptos to Hold for Massive Gains in 2026 — ETH, SOL, and LINK
Ethereum dominates smart contracts, offering staking rewards, deflationary supply, and strong developer support.
Solana delivers high-speed, low-cost transactions with growing adoption and scalability potential.
Chainlink provides reliable real-world data, enabling smart contracts and
CryptoNewsLand2h ago
Solana challenges Ethereum: Can the SOL/ETH pair reclaim the 0.05 mark in Q2?
The long-term growth of a blockchain network is always tied to the size of the developer ecosystem. As more and more developers join in building, the pace of infrastructure upgrades accelerates, which in turn attracts more users to layer 1 (L1), increases on-chain activity, and boosts the network’s overall value.
TapChiBitcoin5h ago
