A major player significantly increased their XPL holdings and hedged by closing a $2.4 million whale short position, adding to their spot holdings again.
BlockBeats News, on September 27, according to on-chain analyst Ai Yi (@ai_9684xtpa), a whale who has been accumulating a large amount of XPL closed a $2.4 million XPL short position, making a profit of $102,000, and subsequently increased their XPL holdings again.
Currently, this whale has purchased a total of 24.29 million XPL (approximately $36.22 million), with an unrealized profit of $3.26 million, and the contract account still has $7.23 million in available funds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Williams: Weak labor market prompts me to support rate cuts, estimated real neutral interest rate at 0.75%
Wisconsin introduces "Bitcoin Rights" bill AB471
Federal Reserve's Williams: Labor market remains strong but is softening
Trending news
MoreCrypto prices
More
