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Solana (SOL) Short Reduction Carries Estimated $240,000 Loss

Closing trades averaged $94.8964 per SOL for address 0xbf732ea04197942783e34730ed6e0f6099575d58.

Updated 1 min read
An anonymous trader checks a phone at a cafe in Seoul, South Korea / TokenPost.ai (mono)
An anonymous trader checks a phone at a cafe in Seoul, South Korea / TokenPost.ai (mono)

An account’s cumulative gains stood at about $20.92 million as it cut Solana (SOL) short exposure by $23.61 million, with the exit carrying an estimated $240,000 loss.

The trades used in the position change totaled $23.72 million. The closing trades were worth $23.72 million, and the short position declined by $23.61 million. The average price for the closing trades was $94.8964 per SOL.

The loss estimate applies to the exit; the cumulative gains figure describes the account total. The address associated with the account is 0xbf732ea04197942783e34730ed6e0f6099575d58.

EconoTimes previously covered the same address in a Bitcoin derivatives position shift, when it closed a $10.04 million short and opened an $11.97 million long.

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