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Address Cuts Solana Short by $23.61 Million, Closes $23.72 Million in Trades

The derivatives account showed about $20.92 million in cumulative gains despite an estimated $240,000 loss on the exit.

By Enna Lee
Published
Mentioned assets
An unmarked silver token sits beside the jaws of an open clamp / TokenPost.ai
An unmarked silver token sits beside the jaws of an open clamp / TokenPost.ai

An address reduced its short position in Solana (SOL) by about $23.61 million, closing trades worth about $23.72 million at an average price of $94.8964 per SOL and taking an estimated $240,000 loss on the exit.

The two dollar figures describe different measures: $23.61 million is the reduction in the position, while $23.72 million is the total value of the closing trades. The address’s derivatives account had about $20.92 million in cumulative gains.

The address was 0xbf732ea04197942783e34730ed6e0f6099575d58.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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