Pompliano: Sold 100% of his Ethereum to buy Solana around $65
Anthony Pompliano · The Man Who Owns 1% Of ALL Bitcoin · Mar 27, 2024 · at 1:07:27
Investor Anthony Pompliano breaks down the trade sizing and execution strategy he used to rotate his Ethereum holdings into Solana.
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“Instead, what I did is I bought a little bit of Solana at 48 dollars. It started to go up a little bit more. And usually when that happens, people are like, oh, cool. I was right. Instead, I doubled the bet at 55. Like the position is going in your favor. And so I doubled down because it's telling me like the market's telling me I'm right. It kept going up. I then sold 100% of the Ethereum, and I bought Solana at 73 dollars, I think it was, and so it gave me, like, a blended price around, like, 65 bucks, and so Solana just went on a tear.”
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