A blockchain address is using a TWAP strategy to build a 500,000 SOL position valued at $38 million, according to monitoring by on-chain analysts identified in the reports as EmberCN and Yu Jin. So far, 186,000 SOL have been bought for $14.16 million at an average entry price of $76. The activity indicates a large trader is accumulating SOL gradually through time-sliced execution to reduce slippage and limit market impact.