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On-chain data shows that the whale who gained fame for "1011 Precise Bottom-Fishing" has made a big move again—this time aggressively buying SOL.
Less than 24 hours ago, this address purchased a total of 207,316.32 SOL, spending approximately $25.5 million. Now, his SOL holdings are valued at $63.06 million. In addition to directly sweeping the market at current prices, he also has buy orders for 2,683 SOL in the $122.74 to $123.01 range.
It appears to be a bullish stance, but the overall account situation for this guy is actually a bit awkward. His total assets of $754 million look impressive, but his unrealized losses have reached $43.55 million. The most painful part is his ETH position, which alone has a loss of $37.41 million. So, this increase in SOL holdings may, to some extent, be an attempt to reverse the overall situation.