Monero top holder earns over $3.15 million in 23-day XMR bet

  • Monero’s top holder closed half of an XMR position after betting on the token’s rise.
  • 34,000 XMR were worth about $16.72 million at the position’s peak.
  • The holder opened the position on Aug. 9 and still holds 16,000 XMR.

Monero’s largest on-chain holder has made more than $3.15 million from a position opened on Aug. 9 and held for 23 days, according to on-chain analyst Ai 姨. The position reached 34,000 XMR, valued at about $16.72 million, before the holder closed half last night for $1.637 million in realized profit. The holder still controls 16,000 XMR in a 4x position, with unrealized gains exceeding $1.53 million. XMR is Monero’s native token, while realized gains come from closed trades and unrealized gains reflect the current value of open holdings.

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