Solana News Today: Crypto Whale's Perfect Streak Mirrors Institutions' Solana Liquidity Push

A high-profile cryptocurrency whale identified as wallet 0xc2a3 has maintained a 100% success rate in its trading strategy, amassing over $13.4 million in unrealized profits through leveraged positions in Bitcoin and Ethereum, according to a Benzinga report. The trader, who has been consistently profitable since Oct. 14, recently expanded its portfolio by adding a 10x long position in Solana (SOL), marking a total active position of $448.8 million across BTC, ETH, and SOL. This move aligns with broader market trends as institutional players and crypto-native firms increasingly allocate capital to high-throughput blockchains like Solana to optimize liquidity and reduce settlement costs, per a Cardanofeed report.

The whale's Bitcoin position, averaging an entry price of $110,680, is supported by critical technical levels identified by analysts, with $111,160 seen as key support and $117,630 as resistance, Benzinga noted. Meanwhile, Ethereum's $3,929 average entry price remains below its $4,250 resistance threshold, prompting caution among traders who emphasize the need to reclaim this level before targeting higher ground, the Benzinga piece added. Despite these dynamics, the whale's aggressive accumulation—bolstered by limit orders to add BTC longs in the $114,206–$114,527 range—suggests confidence in sustained bullish momentum.

The trader's strategic diversification into Solana reflects broader market sentiment. Reliance Global Group, a major player in digital asset reserves, recently acquired SOL to enhance its portfolio's liquidity and risk management, citing Solana's low fees and rapid settlement capabilities as key advantages, as reported by Cardanofeed. This institutional validation of Solana's utility has spurred further capital rotation into the asset, with whale 0x71a0 already setting profit targets for SOL at $210–$250, according to a BeInCrypto report.

Market analysts note that whale activity is increasingly shaping price action. For instance, wallet 0xb9fe, which took a 25x leveraged ETH position following the October 11 flash crash, has begun setting take-profit orders while retaining a 15,689.44 ETH long position, signaling enduring optimism about the market's recovery, BeInCrypto reported. Similarly, crypto whale 0xC50a's 40x BTC and 25x ETH positions highlight the sector's speculative fervor, with unrealized profits reaching $2.1 million, the same BeInCrypto piece observed.

The broader crypto ecosystem is also seeing significant spot accumulation. SharpLink Gaming, the second-largest corporate Ethereum holder, resumed buying after a month-long hiatus, purchasing 19,271 ETH ($78.3 million), underscoring institutional confidence in Ethereum's long-term value, as reported by BeInCrypto. Such moves, coupled with whales' leveraged bets, could amplify volatility as November approaches.