PANews reported on October 12th that Vida, founder of Formula News, posted on his personal channel that he had closed his long XPL position and reduced his SOL long position by half, simply to capitalize on the rebound after last night's second dip. He said he didn't want to be in a trade with low certainty. In the current market environment, he prefers to hold the $10 million FDV contract he bought yesterday for a long term, anticipating holding it for several months as it has a clear bottom value, which protects against declines, while major currencies lack a clear bottom support.