PANews: Address 0x9c6a holds 550000 SOL SOL in a 20 x leveraged long position, with unrealized gains of over 23000000 USD
BIBIBI
AT A GLANCE
According to Lookonchain, address 0x9c6a's 20 x SOL long position is currently up by more than 23000000 USD。
Article
A Solana whale opened a 20 x leveraged long position and is now sitting on unrealized gains of over 23000000 USD
PANews September 27 According to Lookonchain, the address 0x9c6a opened a position approximately 1 months ago, with a 20 x leveraged long position, going long 550,087 SOL,SOL with a notional value of approximately 67880000 USD and currently holding unrealized gains of more than 23000000 USD The trader has placed a take-profit sell order near 200 USD If the SOL price rises to 200 USD the cumulative profit from this leveraged trade could exceed 65000000 USD。
PANews said the information came from Lookonchain.
02
Address 0x9c6a opened a 1-month ago 20 x leveraged long position.
03
The address went long 550,087 SOL,SOL with a notional value of approximately 67880000 USD。
04
The position currently has more than 23000000 USD in unrealized gains.
05
The trader has placed a take-profit sell order 200 USD near
06
The original report said that if SOL rises to 200 USD the cumulative profit from the trade could exceed 65000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This trader used 20 x leverage to bet on SOL rising, with current paper gains exceeding 23000000 USD, but they have not been realized. The trader set a take-profit sell order near 200 USD; the gains exceeding 65000000 USD are merely a conditional estimate based on SOL rising to 200 USD.
Why it matters to readers
The position is relatively large and highly leveraged, which may draw market attention to SOL price, changes in the address's position, and 200 USD take-profit activity near
Beginners should distinguish between “unrealized gains” and profits that have already been realized, and understand that 20 x leverage amplifies both gains and losses. The trading activity of a single address does not mean the market will necessarily rise.
Risks and unknowns
The original report did not provide on-chain transaction records or raw data that could be independently verified.
The available evidence cannot confirm the position's margin, liquidation price, or subsequent changes.
More than 23000000 USD refers to unrealized gains; the final realized profit remains uncertain.
SOL rises to 200 USD and cumulative profit exceeds 65000000 USD Neither has occurred; both are conditional projections.
Related Developments
Loading event timeline…
Related concepts
leveraged long position
This term is not in the glossary yet. Browse related concepts in the glossary.
