A bold trader just made a significant bet on Solana (SOL), depositing $2 million USDC into Hyperliquid and opening a long position with 3x leverage. The entry price for this trade is $142.54, and if SOL drops to $97.45, the position will be liquidated.
Leveraged trades of this size can create strong market reactions, as they signal confidence in a bullish move but also introduce higher risk.
With leverage amplifying both gains and losses, this trade hinges on SOL maintaining strength above $97.45. If the price moves upward, the trader stands to make significant profits. However, a sudden drop below the liquidation threshold could wipe out the entire position.
2 hours ago, someone deposited 2M $USDC to #Hyperliquid and went long on $SOL with 3x leverage.The entry price is $142.54 and the liquidation price is $97.45.https://t.co/Hv9urVqjux pic.twitter.com/ba6qV9SX1v
— Lookonchain (@lookonchain) February 25, 2025
Large leveraged positions can influence market sentiment. If SOL’s price rises, other traders may follow the bullish momentum. Conversely, if it nears the liquidation zone, cascading liquidations could trigger further downward pressure.
All eyes are now on SOL’s price action to see if this high-stakes trade will be a winning move or a costly gamble.
The post Trader Bets Big on SOL: $2M Long With 3x Leverage appeared first on Coinomedia.com.
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