Whale Exploits Solana’s Downturn with $16 Million Unrealized Profit using 20x Leverage

A high-net-worth investor has demonstrated the power of crypto shorting, a strategy that allows traders to profit from market downturns. This whale strategically used 20x leverage on Solana (SOL) to generate potentially massive profits. The investor deposited $1.21 million USDC into Hyperliquid and initiated a short position on SOL at an average price of $164.9. As of the current SOL price of $166.17, this whale already holds over $16 million in unrealized profit (97,500 SOL). However, they are susceptible to liquidation if Solana’s price rises above their set trigger point of $172.96. 20x leverage amplifies potential gains, but also increases the risk of total liquidation should the trade move against them.