Monitored by Woofun AI, a prominent market participant executed a substantial short position on SOL within the last 24 hours. The trade involved 554,700 SOL tokens utilizing 20x leverage, resulting in a total notional value of 38.14 million USD.

Concurrently, this entity maintains an existing short exposure on ETH, comprising 2,577.62 tokens with 11x leverage. The simultaneous deployment of high-leverage bearish bets across major assets underscores a strong conviction in near-term price declines.