Whale Watch Perps announced a huge selling action by Solana (SOL) at 07:46 UTC on October 9, 2025. One of the leading traders in terms of profit and loss (PnL) on the decentralized exchange Hyperliquid initiated a new long position of 30530.00 at 224.47. The total holdings of the trader now comprise of $7.6 million worth of the SOL having been acquired at an average price of $226.90 each token. Liquidation level of the account stands at $55.27 and this implies that there would be a leveraged trade at an estimate of 4x to 5x.
A top trader by PnL on Hyperliquid just went long $30.53K of $SOL at $224.47
This user’s current position is long $7.6M of $SOL at an average price of $226.90.
This user would be liquidated at $55.27
— Whale Watch Perps (@whalewatchperps) October 9, 2025
The trader is holding approximately 33,496 SOL tokens at an average price of entry of 226.90. The entry of the new 30,530 car contributes approximately 136 tokens. Hyperliquid permits leverage of up to 20x on a small number of assets, though whales usually keep leverage at 4x6x. According to the current price of Solana at 01:21 PM IST of 219.99, the position will have an unrealized loss of approximately 232,000.
Solana’s Market Overview
Solana is trading at around 219.99 as of October 9, 2025, and 0.05% up in 24 hours, according to TradingView. The market has a short-term neutral indicator and is bullish in the weekly chart. Solana is among the top five cryptocurrencies because its market capitalization is over 50 billion. SOL has been trading between 112 and 216 in this quarter, which implies consolidation around the resistance areas. When there is a break-out above 230, it may cause the good upward movement and this will justify the trader as a bull.
Hyperliquid is a decentralized Layer 1 Exchange that supports more than 100 perpetual markets. It features high leverage options, transparent liquidation algorithms and low latency, appealing to institutional and whale traders. Whale Watch Perps, an application developed by @mobyagent and @assetdash, is a monitoring page to the 1% of traders with the largest realized PnL on Hyperliquid and Drift Protocol. The track record of the whale alerts of the account is high with a reply by user @ArthurSant44045, who termed the trader as very accurate.
Leverage and Liquidation Risk
The liquidation price of 55.27 is used to indicate a very leveraged bet. It is almost three-quarters of the trader entry which is an aggressive long position. The decrease to that point would mean disastrous market circumstances. As the volatility index of Solana is 0.35 on average in October 2025, there are not high chances of such deep liquidation in the near future.
According to the data presented by TradingView, Solana is building a base on the support of $215. Analysts refer to this zone as a high risk-to-reward entry zone to long setups. The resistance is at about 230, but it may also break out to 300 in case of an increased volume. The OneSafe Blog had institutional accumulation of 530 million SOL in institutions in September 2025, which gives a macro tailwind. In the history of Solana, whale accumulation and institutional inflows are generally the precursors of 20-30 percent rallies.
Market Sentiment
Solana institutional interest has been rampant since early 2025. In September 2025, both Binance and Coinbase have registered a 22% increase in the volume of SOL spot trading. According to CoinGecko analysts, Solana is the asset that derivatives traders prefer because of its volatility and liquidity depth.
The $7.6M role is a small part of the total market value of Solana, which is approximately 50B+, and might impact the derivatives market sentiment. These kinds of whale trades are a good indicator of institutional conformity as opposed to speculation. According to analysts, the steady build up of whales around $220 is an indication of trust in upcoming upgrades and Layer-1 scalability projects of Solana.