As the crypto market shows signs of recovery, a major Solana-based trader has invested around $1.8 million over four days into more than 30 altcoins, according to Lookonchain data from May 20, 2025. This aggressive move has already brought in an unrealized profit of over $100,000, highlighting strong market potential. The trader’s top holdings—$484,600 in LAUNCHCOIN and $265,300 in COLLAT—show a focus on emerging tokens with high growth potential. This investment wave coincides with a 15% rise in Solana’s total value locked to $4.2 billion and a 22% week-over-week jump in altcoin trading volume. Bitcoin was trading around $68,000 at 10:00 AM UTC, while SOL/USD rose 3.5% to $145 by 2:00 PM UTC, reinforcing a bullish trend. Analysts view this whale’s portfolio as a possible roadmap for retail traders looking to ride the altseason rally, especially on the Solana blockchain where activity is ramping up—daily transactions reached 5.7 million, a 30% increase.
Key Trading Signals and Risks to Watch
LAUNCHCOIN and COLLAT are drawing strong interest, with 24-hour trading volumes of $3.5 million and $2.1 million respectively as of 12:00 PM UTC. Technical indicators show LAUNCHCOIN has an RSI of 68 and COLLAT sits at 62 on the 4-hour chart as of 3:00 PM UTC, signaling bullish momentum but also suggesting caution as overbought levels approach. Wallet growth supports this trend—LAUNCHCOIN addresses rose 8% to 12,500 in 48 hours, based on Solscan data. Meanwhile, SOL/USDT volume surged 18% to $1.2 billion in a single day, and inflows into crypto ETFs like the Grayscale Bitcoin Trust hit $25 million on May 19. Stock market gains, such as the NASDAQ’s 1.2% rise to 18,500 points, are also encouraging risk-taking across markets. Traders should monitor key SOL price levels—resistance at $150 and support at $140—as well as breakout patterns in top-performing altcoins. While the environment is favorable for high-reward opportunities, the risk of sharp corrections during altseason remains high.