According to The Data Nerd on Twitter, whale address 0x4a2 transferred 906,000 USDC to a Perpetual account on Hyperliquid and opened a 20x long position in Solana (SOL) at an entry price of $173.2. As of now, this trader holds an unrealized profit of approximately $1.2 million, with a liquidation price set at a notably low $10.3, indicating a highly secure leveraged position. Such aggressive leverage and profit-taking behavior signal strong bullish sentiment among large holders, which could impact Solana’s price volatility and attract further momentum traders to the market (Source: The Data Nerd, Twitter, May 22, 2025).

According to Lookonchain, a whale has sold 274,188 SOL, valued at $29.64 million, over the past three days, averaging a sell price of $108 per SOL. This comes after the whale withdrew SOL from OKX seven months ago at $148 each, resulting in a significant loss of nearly $11 million. These large-scale transactions could influence the Solana market, prompting traders to closely monitor further whale activities and market responses.