Formula News founder Vida has disclosed a $4 million long position in Solana (SOL) at an average price of $175.8, alongside a $500,000 investment in XPL at $0.395. Vida described these trades as speculative, representing one-tenth of his available capital. He anticipates a rapid market recovery following the U.S. stock market opening on Monday, similar to previous weekend downturns. Currently, the crypto market has seen a 30% average decline, with expectations of a 5% drop in the S&P 500 already factored in. Vida suggests that if the S&P 500 does not fall as sharply as anticipated, market sentiment could quickly rebound.