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Smart Trader's $85M SOL Leverage Trade Yields $4.6M Gains

Nansen monitoring reveals a 30-day trader achieved a 109% gain on an $85M SOL position with 20x leverage, also profiting on BTC and ETH trades.

BTC
ETH
SOL

Summary

PANews reported on August 13 that, according to Nansen monitoring, a 30-day smart trader held a long $SOL position valued at $85 million using 20x leverage, realizing $4.6 million in unrealized gains over 24 hours—a 109% increase. The trader also made millions on long $BTC and $ETH trades.

Terms & Concepts
  • Leverage: The use of borrowed funds to amplify potential returns; here, 20x leverage is applied to the $SOL trade.
  • Unrealized Gains: Profit on paper from open positions that has not yet been realized through a sale.
  • Long Position: An investment bet on the upward movement of asset prices, as seen with $SOL, $BTC, and $ETH trades.