Solana Under Pressure? Whale Places $38 Million Short Against SOL
In recent hours, a bearish bet has emerged for the seventh largest cryptocurrency by market cap, Solana (SOL), even as the broader crypto market declines. Advertisement
According to Lookonchain, a crypto whale has turned extremely bearish on Solana. In recent hours, the whale called "0x9137" opened a 20x short on 554,680 SOL worth $38.15 million.A whale is extremely bearish on $SOL.One hour ago, whale 0x9137 opened a 20x short on 554,680 $SOL($38.15M).https://t.co/ruG1FjxaXl pic.twitter.com/WjS6o96vEW— Lookonchain (@lookonchain) June 23, 2026 "A whale is extremely bearish on SOL. One hour ago, whale 0x9137 opened a 20x short on 554,680 SOL ($38.15M)," Lookonchain reported. Advertisement
The whale's decision to go short Solana comes amid an ongoing market selloff which has seen over $665 million in liquidations.
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