Solana: Whale Opens 20x Long on 500K SOL

A mysterious whale deposited 8.43M USDC into a newly created wallet and placed a TWAP order to open a 20x long on 500K SOL worth $22.78M, with 199,838 SOL already filled for $15.2M.

SOL trades at $75.89 inside the Bollinger Bands on the 4h chart, pressing against upper resistance at $76.68 while the EMA50 at $74.18 and EMA200 at $74.73 act as layered support. The MACD golden cross at 0.65 confirms bullish momentum and RSI at 65.29 leaves room before overbought territory, so price may retrace to the 50-EMA before any continuation higher.