Solana News Update: Crypto Whale Bets $275M on Leveraged Longs—Bold Confidence or High-Stakes Risk?

A well-known crypto whale, recognized for a flawless track record in trading, has further increased its long positions in

(BTC), (ETH), and (SOL) even as the market remains turbulent. Blockchain data shows that this investor, associated with wallet address 0xc2a, has held onto its leveraged trades, with unrealized losses narrowing to $8.4 million as of October 30, 2025. The whale’s latest activity, which includes $275 million in leveraged long positions, reflects a strong bullish stance on digital assets amid ongoing uncertainty around Federal Reserve policy.

This whale employs significant leverage, holding a 13x leveraged

position, as well as 10x leveraged trades in and . Notably, the trader recently added $114 million in BTC longs at an average price of $110,123, resulting in an unrealized gain of $600,000, while a $110 million SOL position is currently showing a $2.42 million loss. Despite these mixed results, the whale has maintained a perfect record on closed trades, with total realized profits surpassing $16.5 million, according to a .

The whale’s trading comes amid broader market changes. The Federal Reserve’s 25-basis-point rate reduction on October 30 did not trigger a lasting rally, as hawkish remarks from Chair Jerome Powell—suggesting a December cut is "far from done"—weighed on risk sentiment. Bitcoin and Ethereum dropped by 2.58% and 2.45%, respectively, while Solana declined 5% after the launch of the Bitwise Solana Staking ETF (BSOL), which drew $69 million in new investments, according to an

. Ambcrypto also pointed out that the ETF’s structure, which stakes all SOL holdings, has sparked concerns about liquidity during redemption events.

Experts remain split on the whale’s tactics. HyperInsight commended the trader’s "contrarian accumulation" as a possible indicator of a market turnaround, while Onchain Lens cautioned about the risks associated with the $2.42 million loss on the SOL trade. "High leverage can magnify both profits and losses," analysts at PANews observed, adding that the whale’s approach may not be suitable for individual investors, as noted in the Bitget report.

The whale’s recent shift into SOL has also attracted notice. After closing out BTC and ETH longs, the trader boosted its SOL holdings to 501,775 tokens ($99.65 million), taking advantage of the altcoin’s stronger performance compared to Bitcoin and Ethereum over the last day, as detailed in a

. TradingView also reported increased institutional interest in Solana, including the debut of Grayscale’s SOL Trust ETF (GSOL) and Western Union’s intention to launch a stablecoin on the Solana blockchain.

Market watchers are monitoring the whale’s next moves closely. Should the trader execute outstanding ETH orders or reduce the underperforming SOL position, it could indicate a change in market sentiment. Meanwhile, the Federal Reserve’s December rate decision remains a major unknown, with futures markets currently assigning a 71% probability to another 25-basis-point cut, according to the Bitget report.

As the crypto sector navigates policy-driven swings, the whale’s actions highlight the balance between strong bullish conviction and inherent risks. For now, the trader’s perfect win record continues to draw attention, with analysts advising investors to focus on risk management rather than pursuing aggressive leverage strategies.