A newly created wallet has opened a $14.33 million leveraged long position on Monero on Hyperliquid, using 3.56 million USDC as collateral to take a 4x bet on 36,000 XMR. Blockchain analytics platform Lookonchain flagged the trade on Aug. 10, 2026, and said the trader placed take-profit orders between $475 and $516, signaling expectations of further upside for the privacy-focused token. The position was entered around $395 to $400 per XMR, putting the target range roughly 19% to 29% above entry. Monero has gained nearly 10% over the past week and was trading between $393 and $402 after breaking above a descending trendline, according to the source material. The trade also underscores how decentralized perpetual futures venues are becoming a more important route for XMR exposure as Monero has been delisted from several major centralized exchanges over regulatory concerns tied to its privacy features. Hyperliquid, a decentralized perpetual exchange operating on its own Layer-1 blockchain, allows traders to use stablecoin collateral to take synthetic leveraged positions without buying the underlying token directly. A similar Monero whale trade appeared on Hyperliquid earlier in 2026, when a trader deposited $2.27 million USDC to open a 2x leveraged long. The newer position is larger in both collateral and leverage, highlighting rising whale activity in synthetic XMR markets.