Whale Opens $14.3M XMR Long
A major crypto whale has opened a $14.33 million leveraged long position in Monero (XMR) on Hyperliquid, betting on further upside for the privacy-focused cryptocurrency. According to Lookonchain, a newly created wallet deposited 3.56 million USDC and used the funds to open a 4x leveraged position covering 36,000 XMR. The trader has already placed take-profit orders between $475 and $516, signaling expectations for another upward move. The wallet owner's identity remains unknown. The large position has drawn attention to XMR as demand for privacy-focused digital assets continues to develop. However, leverage significantly increases both potential returns and losses if the market moves against the trader. Track XMR, BTC, ETH and other digital assets, and exchange cryptocurrencies securely through xbit.money.