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Whale's $24.3M bet on ETH and SOL rally falters as tech sell-off forces ETH exit.

Market News
23 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

A whale trader opened a $24.34 million leveraged position on Solana (SOL) and Ethereum (ETH), betting on a rally. The trader closed the ETH position with a $14.2K profit amid a tech sector sell-off that pressured crypto markets, leaving the $16.5M SOL position open but at a $616.2K unrealized loss. The tech sell-off and broader market risk-off caused SOL's price to drop sharply, nearing liquidation levels. Despite this, analytics suggest an ongoing altcoin season driven by reduced selling pressure, but the whale's timing exposed the trade to significant risk.

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