Address Cuts Solana Short by $23.61 Million, Closes $23.72 Million in Trades

An address reduced its short position in Solana (SOL) by about $23.61 million, closing trades worth about $23.72 million at an average price of $94.8964 per SOL and taking an estimated $240,000 loss on the exit. The two dollar figures describe different measures: $23.61 million is the reduction in the position, while $23.72 million is the total value of the closing trades. The address’s derivatives account had about $20.92 million in cumulative gains. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.