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Whale Address Adds $8.22M in Leveraged XPL Longs Despite Heavy Losses

HyperInsight data now shows all major whale crypto longs posting losses, with HYPE shifting from multi-million profit to deficit and XPL losses deepening.

HYPE

Summary

As of November 4, HyperInsight data indicates the whale address’s unrealized losses reached $3.3 million across three long positions. HYPE’s position dropped from a $5 million profit to a $450,000 loss, while XPL’s loss increased to $2.7 million. PURR remains in deficit, completing the transition to all three crypto longs being underwater.

Terms & Concepts
  • Leveraged Long Position: A trading strategy using borrowed funds to increase exposure to an asset, magnifying both potential gains and losses.
  • Unrealized Loss: A decrease in value of a held asset that has not yet been sold, meaning the loss is not yet realized in cash terms.
  • Whale Address: A cryptocurrency wallet holding large amounts of a specific asset, whose transactions can significantly impact market prices.