Major Crypto Trader Accumulates Additional SOL amid Mounting Floating Loss

A prominent position holder tracked by Ember has expanded its substantial cryptocurrency portfolio with a significant SOL purchase, deepening its exposure despite ongoing market pressures. According to PANews on December 26th, the trader acquired approximately 210,000 SOL (worth roughly $25.2 million at the time) in early trading, a move made after maintaining its initial position for an entire week without adjustment. This aggressive accumulation strategy has escalated the account’s total holdings to $740 million, while simultaneously increasing its floating loss to $58.96 million.

Multi-Asset Portfolio Strategy

The large holder’s strategy reflects a diversified approach across three major cryptocurrencies. The portfolio combines significant exposure to Ethereum, Bitcoin, and Solana, with each position reflecting different entry points and risk exposures. This latest addition to SOL represents a deliberate choice to increase exposure to the layer-1 blockchain at a critical market juncture.

The account’s substantial floating loss, now exceeding $58.96 million, indicates that market conditions have moved against the trader’s positions. Despite these paper losses, the continued accumulation of SOL suggests strong conviction in the protocol’s long-term potential. The trader’s willingness to add to positions during unfavorable conditions mirrors a “accumulation on weakness” strategy commonly employed by institutional players.

Current Holdings Composition and Loss Analysis

The detailed breakdown reveals three key components of this massive portfolio:

Ethereum Position: The trader holds 203,000 ETH originally purchased at $3,147, now valued at $590 million. At current prices of $2.93K, this position carries a floating loss of $49.39 million, representing the largest portion of unrealized losses across the portfolio.

Bitcoin Position: The account maintains 1,000 BTC opened at an entry price of $91,506, currently worth $87.17 million. With BTC trading at $88.77K, this position shows a floating loss of $4.33 million, suggesting relatively stronger performance compared to Ethereum.

Solana Addition: The newly accumulated 511,000 SOL (including the fresh 210,000 SOL purchase) totals $61.36 million at current valuations of $127.28 per token. Originally entered at $130.1, this position reflects a floating loss of $5.24 million, indicating the trader’s entries were positioned near recent highs.

The cumulative floating loss across all three assets underscores the challenging market environment these positions were established in. Yet the whale’s decision to continue adding capital signals confidence that current prices may offer better risk-reward dynamics going forward.