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Whale places $38M short bet on Solana amid market selloff and price drop.

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

A crypto whale has taken a significant bearish position against Solana (SOL) by shorting 554,680 SOL worth $38.15 million with 20x leverage. This move comes as Solana's price fell nearly 8% amid a broader crypto market decline and ongoing selloff, which has seen over $665 million in liquidations. Despite recent positive developments for Solana, including partnerships with major payment platforms and asset managers, the price has struggled to break resistance near $75. Investors are cautious ahead of key inflation data expected later this week, which may further impact market sentiment.

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