The cryptocurrency landscape witnessed significant developments on May 29, 2025, as Bitget Exchange unveiled its Onchain platform, seamlessly integrating Solana-based tokens with centralized exchange functionalities. Concurrently, market analysts observed aggressive trading activity with a whale initiating a $16 million leveraged short position on SOL. This article explores Bitget's technological advancements, SOL's ecosystem growth, and key derivatives market signals shaping investor sentiment.
Bitget Launches Solana-Integrated Onchain Platform
Bitget's newly launched Onchain platform introduces unified access to popular Solana tokens like GIGANT, fog, and Pingu. Key features include:
- Cross-environment trading: Bridges CEX and DEX liquidity via single interface
- Multi-chain support: Solana (SOL), BNB Smart Chain (BSC), and Base networks
- Flexible settlement: Transactions priced in USDT/USDC
- Streamlined access: Utilizes existing Bitget spot account balances for on-chain asset management
This innovation addresses the growing demand for hybrid trading solutions that combine security with decentralized finance (DeFi) flexibility.
Whale Deploys $16M High-Leverage SOL Short Position
A prominent trader executed a bearish strategy on Solana through:
- 20x leveraged short: Equivalent to 97,500 SOL at $164.90 entry price
- Liquidation threshold: $172.96 (4.9% above current price)
- Margin commitment: $1.21 million collateral
👉 Track real-time SOL derivatives data
This high-risk position reflects intensifying volatility in SOL markets, with derivatives traders capitalizing on price fluctuations.
Bitget Onchain Projects Demonstrate Explosive Growth
Early adopters of Bitget's platform witnessed extraordinary returns:
| Project | Growth Percentage |
|---|---|
| donkey | 5000% |
| stickman | 1500% |
| gorilla | 1200% |
The platform's unique value proposition combines:
- CEX-grade liquidity with DEX-native asset diversity
- Multi-chain interoperability for portfolio diversification
- Reduced friction in cross-ecosystem transactions
Holoworld and Aww.inc Pioneer Tokenized Virtual Influencer
The collaboration between HoloWorld AI and Japan's Aww.inc launched:
- Mirai: First AI-powered, on-chain tokenized virtual human
- $MIRAI token presale: 48-hour window accepting SOL contributions
- Technology stack: Unreal Engine + AI agent architecture
This initiative highlights Solana's expanding role in:
- Digital identity innovation
- Web3 entertainment convergence
- Creator economy tokenization
Frequently Asked Questions
Q: How does Bitget's Onchain platform differ from traditional DEXs?
A: It merges CEX account management with direct on-chain access, eliminating wallet-switching while maintaining self-custody options.
Q: What risks accompany high-leverage SOL short positions?
A: The 20x leverage amplifies both gains and losses, with the noted position facing liquidation if SOL rises just 4.9%.
👉 Explore Solana ecosystem opportunities
Q: Why are Solana-based projects attracting presale investments?
A: SOL's low transaction costs and high throughput make it ideal for token launches, particularly in emerging sectors like AI and virtual assets.
Q: How does Mirai's tokenization impact fan engagement?
A: $MIRAI enables participatory ownership in virtual influencer IP, creating new monetization models for creators and communities.