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XPL Hedging Strategy Address Reopens $18M Position After Hyperliquid Price Optimization

XPL’s price briefly reached $0.8119 on Hyperliquid, with a $2.55 million floating profit as a hedging event involving multiple accounts unfolds.

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Summary

XPL’s price briefly hit $0.8119 on Hyperliquid, currently trading at $0.7745. A hedging event involving the main address and 11 smaller accounts has generated a cumulative floating profit of $2.55 million, highlighting active adjustments in response to market fluctuations.

Terms & Concepts
  • XPL Hedging Strategy: A strategy involving the use of XPL (or a related asset) to hedge against price movements, often utilizing leveraged positions to manage risk.
  • Floating Profit: The unrealized profit or loss on a position that fluctuates with market price changes, not yet realized through an actual sale.