Recently, the crypto assets market has seen a striking trend. The large investor TechnoRevenant, who previously profited $38.77 million by manipulating the XPL liquidation, has adopted a surprising strategy. This investor did not stop there but instead used over 15 addresses to go long on XPL with 1x leverage.
Currently, on the Hyperliquid trading platform, over 70% of XPL long positions belong to this investor. His average buy-in cost is around $0.77. However, with the recent pullback in XPL prices over the past few days, the situation is beginning to turn.
TechnoRevenant currently holds a long position in XPL valued at approximately $26 million, equivalent to 38.17 million XPL. Just a few days ago, this position had about $10 million in unrealized profits, but it has now turned into a $3.67 million unrealized loss. This dramatic shift highlights the high volatility of the crypto assets market, while also sparking discussions on how large investors' trades impact the market.
This series of events not only demonstrates the complexity of the Crypto Assets market but also reflects the profound impact that the trading behavior of individual Large Investors can have on the entire market. As XPL prices continue to fluctuate, market participants are closely monitoring the next moves of this whale investor and the potential effects this may have on the future price trends of XPL.
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JustAnotherWallet
· 09-03 12:53
play people for suckers again and go long, tough guy
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ImpermanentTherapist
· 09-03 12:50
It's really enjoyable to watch the show while in a Short Position.
Recently, the crypto assets market has seen a striking trend. The large investor TechnoRevenant, who previously profited $38.77 million by manipulating the XPL liquidation, has adopted a surprising strategy. This investor did not stop there but instead used over 15 addresses to go long on XPL with 1x leverage.
Currently, on the Hyperliquid trading platform, over 70% of XPL long positions belong to this investor. His average buy-in cost is around $0.77. However, with the recent pullback in XPL prices over the past few days, the situation is beginning to turn.
TechnoRevenant currently holds a long position in XPL valued at approximately $26 million, equivalent to 38.17 million XPL. Just a few days ago, this position had about $10 million in unrealized profits, but it has now turned into a $3.67 million unrealized loss. This dramatic shift highlights the high volatility of the crypto assets market, while also sparking discussions on how large investors' trades impact the market.
This series of events not only demonstrates the complexity of the Crypto Assets market but also reflects the profound impact that the trading behavior of individual Large Investors can have on the entire market. As XPL prices continue to fluctuate, market participants are closely monitoring the next moves of this whale investor and the potential effects this may have on the future price trends of XPL.