According to Odaily Planet Daily, trader Eugene Ng Ah Sio transferred his profits to SOL and its ecosystem after successfully going long on BTC. Although SOL performed strongly, he failed to stop losses in time, which led to errors.
When SOL fell to $215, he did not stop loss, but increased his position to $45 million, believing that $200 was the key support level. However, after SOL fell below $200, he continued to hold and leveraged to $60 million.
This operation ignored the stop loss point and caused errors to accumulate. However, he was lucky not to suffer a greater loss.
