---
title: "Address Cuts Solana Short by $23.61 Million, Closes $23.72 Million in Trades"
url: https://thecoingazette.com/address-cuts-solana-short-by-23-61-million-closes-23-72-million-in-trades/
date: 2026-11-01
modified: 2026-11-01
lang: en
author: "Coin Gazette Editorial"
description: "The derivatives account showed about $20.92 million in cumulative gains despite an estimated $240,000 loss on the exit."
categories:
  - "Investing"
tags:
  - "Crypto News"
  - "Market Trends"
  - "News"
image: https://ml4qjcb2qgrx.i.optimole.com/w:auto/h:auto/q:mauto/f:best/https://i0.wp.com/thecoingazette.com/wp-content/uploads/2026/05/logo-with-slogan-1.webp?fit=1400,960&ssl=1
word_count: 18
---

# Address Cuts Solana Short by $23.61 Million, Closes $23.72 Million in Trades

The derivatives account showed about $20.92 million in cumulative gains despite an estimated $240,000 loss on the exit.