Whales Favor Solana: A Most Amusing Turn of Events!

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It hath come to my attention that a certain enterprising whale, with tendencies evidently more audacious than prudent, hath chosen to turn his gaze from the illustrious Bitcoin and Ethereum to the most agreeable Solana (SOL). How curious indeed, that such a creature should demonstrate such unchecked optimism regarding an imminent breakout for the coin of Solana! 🐋💵

Whale Trader Displays Uncommon Confidence in Solana

As revealed by the ever-watchful on-chain data analytics platform known as Lookonchain, our whale investor, identified only by the most mysterious address, 0xc2a3, hath recently tilted his affections toward Solana. Indeed, he hath divested his holdings in Bitcoin and Ethereum just a mere day after augmenting his Bitcoin longs to a staggering sum of 2,186.34 BTC. Ah, the dramatic flair!

On this most remarkable day, our valiant whale did take it upon himself to open a veritable 10x long position on Solana, perhaps anticipating a temporary languor or a comfortable consolidation in the realms of BTC and ETH.

The sagacious trader 0xc2a3, boasting a most audacious 100% win rate, hath discarded his $BTC and $ETH longs whilst augmenting his $SOL long position to a jaw-dropping 501,775 $SOL (valued at $99.65M).

His coffers now swell with profits exceeding $16.5M! Truly, a spectacle of financial adeptness! 🤑

– Lookonchain (@lookonchain) October 29, 2025

In this latest exhilarating transaction, our whale did indeed bolster his SOL long position, gathering no less than 501,775 SOL, which commands a valuation of approximately $99.65 million, marking one of the most sumptuous single-asset positions ever conceived for Solana.

It is well noted by Lookonchain that this whale hath cultivated quite a reputation for an undisturbed 100% win rate, maintaining that every closed trade hath been profitable, with total realized profits now ascending beyond an impressive $16.5 million in a most palatable series of weeks.

Such gains are born from the daring ventures into leveraged perpetual futures trading upon decentralized exchanges, such as Hyperliquid, where our trader embarks upon high-leverage endeavors, ever clever in timing his forays around market dips and rallies, whilst eschewing the ignoble art of shorting entirely.

What, Pray Tell, is Occurring with Solana?

The recent positioning of our grand whale doth indeed coincide with fortuitous improvements in the valuation of SOL. Over the last day, SOL hath danced ahead of both Bitcoin and Ethereum, propelled by the energizing spirit of ecosystem growth. Why, while the prices of BTC and ETH did falter by 2.14% and 2.8% respectively, Solana blossomed with a delicate surge of 0.9% within the selfsame period! 🌸💰

Moreover, SOL’s daily trading volume hath increased by a pleasing 4%, now sitting at a commendable $7.06 billion. The momentum is directly linked to intriguing developments within the ecosystem, notably the recent launch of a Solana exchange-traded fund (ETF)-what a revelation!

Most remarkably, Grayscale hath unveiled its SOL Trust ETF (GSOL) today, on the 29th of October, 2025. This, mind you, is Grayscale’s inaugural staking fund, now gracing the notable NYSE Arca. How splendid!

This grand launch follows closely upon the heels of Bitwise unveiling its record-breaking SOL ETF (BSOL), which commenced with unprecedented vigor, marking the highest trading volume for any launch thus far this year. An auspicious beginning indeed!

Beyond the realm of ETF, it appears that Solana hath captured the attention of our global financial sector, as a recent report hath disclosed that Western Union is poised to embark upon the stablecoin race with a Solana-based dollar-backed token. What a time to be alive in this bountiful realm of finance! 😂

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2025-10-29 19:47