The position, equal to roughly 0.8% of total supply, has seen its unrealized loss narrow to about $86.6 million as XPL rebounded, though analysts say it could still weigh on liquidity and sentiment.
Trader Technorevenant still holds 80 million XPL, a position bought days after the token generation event and now valued at about $9.2 million, according to MLM monitoring. The stake represents roughly 0.8% of the token’s total supply. A recent rebound in XPL has reduced the position’s unrealized loss from about $91 million at a recent low to about $86.6 million. Even so, analysts said the size of the holding could continue to influence liquidity (how easily an asset can be traded without moving its price) and broader market sentiment.