Hunting $SOL: Inside the $35 Million "God Short" Executed by Whale 0x35d1

While the market was calling for "$500 SOL" at $140, a true predator was silently loading his gun.

In the crypto market, making money on the long side requires faith; making money on the short side requires an extreme understanding of human nature and market cycles.

Today, as Solana ($SOL) crashes through the $90 support level, the market is in a state of panic. However, on-chain detectives have flagged a super-whale, address （0x35d1151ef1aab579cbb3109e69fa82f94ff5acb1）, who is watching the carnage not with fear, but with a staggering $35,000,000 USD in unrealized profit.

This is a masterclass in trend trading. Let’s combine the on-chain data with market structure to deconstruct this "God View" trade.

1. The Setup: Pulling the Trigger at Peak FOMO

According to on-chain records, this whale didn't just get lucky yesterday. His campaign began back in November of last year.

• The Context: At that time, SOL was showing immense strength, and the "Ethereum Killer" narrative was pushing sentiment to extreme greed.
• The Contrarian Bet: Instead of succumbing to FOMO, he did the opposite. Data shows he began building short positions near the $165.5 highs, strategically adding to his position to average his entry price down to a pristine $143.

This requires nerves of steel. The risk of shorting is theoretically infinite (if price moons), yet he bet heavily against the crowd.

2. The Hold: 90 Days of "Diamond Hand" Discipline

From November to February, the market did not go down in a straight line. SOL staged multiple relief rallies, attempting to liquidate early bears. An average trader might have exited early due to the pain of negative Funding Fees or the fear of a reversal.

But 0x35d1 demonstrated what it means to be a "Diamond Hands Short":

• Unshakable Conviction: Even when unrealized profits dipped, he held firm.
• Macro Hedging: Beyond SOL, he built auxiliary short positions in BTC and ETH, effectively betting against the entire market Beta.
• The Payoff: He waited patiently for the liquidity collapse in February. As SOL plummeted to $90, the market rewarded his patience with $35 Million in profits.

3. The Signal: Why Hasn't He Closed Yet?

This is currently the most terrifying data point for bulls. Despite sitting on life-changing wealth, the whale still holds a SOL short position worth over $53,000,000 as of this writing.

• Position Analysis: With an average entry of $143 and current price at $90, he has a massive safety cushion. Every dollar SOL drops now generates exponential profit for his portfolio.
• The Warning: "Smart Money" usually exits at the tail end of a trend. The fact that he hasn't moved suggests that, in his model, $90 is not the bottom. He may be positioning for a final capitulation event, potentially targeting the $70-$80 range.

4. Conclusion

The case of 0x35d1 teaches us that true generational wealth in crypto doesn't come from high-frequency scalping, but from identifying macro cycles and executing with conviction.

For retail traders, the play right now isn't to blindly "buy the dip." It is to watch this whale. The moment he starts to Close Short in size, that might be the true signal that the bottom is in.

👇 Stop guessing the bottom. Let the Smart Money show you the way.Track Whale 0x35d1's Live Position & PnL Here

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Disclaimer: This article is for informational purposes only. Crypto assets are highly volatile, and shorting involves significant risk. Always DYOR (Do Your Own Research).