Big whale adds 210,000 SOL at dawn, with a total long position unrealized loss of nearly $60 million

【Chain News】An interesting on-chain movement: A whale that previously opened a long position with $230 million suddenly made a move early yesterday morning after holding their position steady for a week, adding another 210,000 SOL tokens, equivalent to approximately $25.2 million.

After this operation, the whale’s total long position has expanded to $740 million — but the current paper loss doesn’t look good. Overall, there is an unrealized loss of $59.96 million. Breaking it down:

ETH portion is the most painful: 203,000 tokens, a cost basis of $3,147, with an unrealized loss of $49.39 million. BTC portion is relatively stable: 1,000 tokens, a cost basis of $91,506, with an unrealized loss of $4.33 million. SOL portion includes the latest added position: 511,000 tokens, an average cost of $130.1, with an unrealized loss of $5.24 million.

The signal from this increased position is very clear — the whale is not scared off by the unrealized loss, but instead chooses to continue accumulating SOL at low levels. Whether they are optimistic about a rebound or have other intentions, the market is still observing.