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Gate Square New & Returning Creator Rewards are ongoing!
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An interesting phenomenon: a big whale is long on BTC, ETH, SOL, and XRP, with a total position size of $310 million. But the current situation looks a bit grim — the entire account has an unrealized loss of $1.451 million.
The worst hit is the SOL track. This whale's long position in SOL is valued at $46.43 million, with an unrealized loss of $817,000. Even more surprisingly, it was still adding to its SOL position 2 hours ago, clearly optimistic about the future market.
However, things didn't go as planned. Since the peak of the coin price yesterday evening, this whale's potential profit has plummeted by nearly $10 million, shifting from profit to loss. This market correction serves as a stark warning to large holders.