A major whale is facing a floating loss of $5.78 million from a 20x leveraged long position on SOL, while another whale has made a profit of $11 million from a 20x leveraged short position on SOL.

According to Odaily, Onchain Lens monitoring shows that as the price of SOL fell below $121, whale 0x0e4's SOL (20x leverage) long position is facing a loss of $5.78 million. Its BTC (20x leverage) and HYPE (10x leverage) long positions have a combined loss of about $8.5 million, with total profits dropping from over $18 million to $3 million.

Meanwhile, whale 0x35d's SOL (20x leverage) short position has made a profit of approximately $11 million and is currently being closed out gradually.