SOL Trader Behind 1011 Flash Crash Shows Renewed Conviction with Major Long Position Build-Out

An on-chain observer tracking the investor who shorted aggressively during the October 11th flash crash has documented a significant strategic shift. The trader, whose wallet has drawn attention from the community for its controversial timing during the market downturn, recently made a decisive move to expand their Solana exposure.

Building Positions Amid Market Recovery

The monitored account added more than 207,316 SOL tokens to their holdings, representing roughly $25.5 million in fresh capital deployment at the time of the transaction. Additionally, the trader set up multiple buy orders targeting the $122.74-$123.01 price band with 2,683.68 SOL reserved for execution. This accumulation pattern suggests the trader may be repositioning after the sharp losses incurred from the flash crash period.

Current Portfolio Status and Unrealized Losses

As of now, the trader’s Solana position stands at approximately $63.06 million in value, making SOL their most significant holding relative to their broader portfolio. The full crypto asset mix under this account totals $754 million, indicating a diversified but SOL-heavy allocation.

Despite the recent buying pressure and portfolio scale, the account remains underwater with approximately $43.32 million in cumulative unrealized losses. The Ethereum holdings are particularly hard hit, carrying roughly $37.33 million in paper losses alone. This substantial drawdown suggests the trader maintained significant exposure through the downturn, and the current repositioning could reflect either averaging down or shifting conviction about Solana’s medium-term direction.

The activity highlights how major wallets are actively rebalancing their positions as Solana consolidates, with this trader betting on further upside from current levels.