Solana
Whale Traders Build $9.1 Million in Solana Longs Ahead of Protocol Upgrade
Large derivatives traders opened multimillion-dollar long positions on Solana ahead of a scheduled transaction size upgrade, contrasting with cautious broader market indicators.
Solana slipped 2% on Tuesday to trade near $102, yet several high-volume derivatives traders positioned for a recovery. According to CoinGlass data, five whale addresses on Hyperliquid established a cumulative $9.11 million in SOL long positions between September 7 and September 8, expressing confidence in the asset's recovery trend that began in mid-August.
The whale positioning comes immediately ahead of a Solana network upgrade scheduled for September 9. The technical change is designed to increase maximum transaction capacity from 1,232 bytes to 4,096 bytes, tripling the available space to allow developers to package complex instructions and data into single operations rather than splitting them across multiple transactions.
Despite the significant whale exposure, broader market sentiment remains cautious. The funding rate remained slightly positive at 0.0025%, but the long-to-short ratio stood at 0.94, indicating that short accounts continue to outnumber long positions. Additionally, SOL derivatives volume declined by 10% to $6.58 billion.
These two are not the same thing, and one does not produce the other. The left is how this single article reads, from its tone alone. The right is the site’s own call on the asset, from indicators and analysis. Press tone feeds no score and no signal: on the only corpus this site has measured, daily tone tracked the move that had already happened and showed no measurable link with what followed.
More on Solana All pieces →
- Neutral Solana Posts 36% Monthly Advance to $103 as Momentum Moderates
- Neutral Solana Plans Mainnet Activation of Transaction V1 Format Ahead of Alpenglow
- Sell Solana ETF Weekly Inflows Drop 96% to $6.18 Million Following Late August Surge
- Buy Solana Gains $348 Million in 30-Day Real-World Asset Inflows as Total Reaches $720M
Rewritten from the headline, the teaser and the one-line summary the qualification step produced — that is all the material there is, and nothing is added to it. The source link is kept on file so any item can be checked, and is not published here.
