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A major Solana short position was cut by $23.61M, incurring a $240K loss on exit.

Market News
02 Nov 2026, 04:56 WIB
Tokenpost
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Neutral
A major Solana short position was cut by $23.61M, incurring a $240K loss on exit.

An investor reduced their short position in Solana (SOL) by about $23.61 million, closing trades worth roughly $23.72 million at an average price of $94.90 per SOL. Despite the reduction, the exit resulted in an estimated loss of $240,000. However, the investor's derivatives account still holds cumulative gains of about $20.92 million. This move indicates a partial unwinding of a large short bet on Solana, which could impact market sentiment around the cryptocurrency.

Solana (SOL) is trading at Rp1.724.324 on Pluang, showing a slight decline of 0.41% in the past day. As of Nov 02, 2026 10:02 WIB, the platform records a market cap of Rp1.017,83 trillion and a 24-hour trading volume of Rp30,61 trillion, with more buyers than sellers among users.

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