A major trader in a volatile market: why fundamental positions lose value

Amid recent cryptocurrency market fluctuations, one of the largest asset holders has faced a significant turnaround. The investor’s total portfolio, built on long positions in Bitcoin, Ethereum, Solana, and XRP with a total value of $310 million, is generating a loss of $1.451 billion — a substantial deviation from previous expectations.

Most Vulnerable Positions

Portfolio risk analysis shows uneven distribution of losses. The most critical is the long position in Solana worth $46.43 million, which has lost $817,000 in value. This indicates high volatility of the SOL token under the current market cycle.

Paradoxical Whale Behavior

Despite the current losses, the major investor demonstrated an unexpected decision: exactly two hours ago, additional purchases of Solana were made, indicating the trader’s confidence in medium-term recovery of the asset. Such behavior is typical for experienced whales viewing downturns as an opportunity to average entry costs.

Scale of Losses Since the Peak

Last night, the asset reached a local maximum, but subsequent market fluctuations led to a reversal. The potential profit decreased by nearly $10 million, turning into a loss, demonstrating volatility on large sums even in the short term.