High-Leverage Shorts Spark Market Concern as Whale Doubles Down on Ethereum and Solana

A prominent Solana (SOL) short seller, identified by wallet address 0x35d1, has significantly escalated their bearish stance on both ETH and SOL. This trader is now using maximum leverage to execute short positions in both assets, resulting in a total value of over $64 million in shorts for the most active SOL position. The move comes amid uncertainty in the crypto market, suggesting they’re betting heavily on a broader price decline.