🐋 XPL whale shorts ~$5.86M, up a staggering $1.76M
A whale with the wallet 0x5b5d…c060 is drawing attention after shorting $XPL with a notional value of ~$5.86M, using 3x leverage.
Amazingly, the position is currently up ~$1.76M on paper. With XPL at just ~$0.0819, the liquidation price is as high as ~$2.4203. That means the price would need to rise nearly another 2856.1% to trigger liquidation.
Honestly, seeing this XPL short leaves me both impressed and curious. Will they take profits early, or stay determined and hold on to maximize their gains? If you were in their shoes, what would you do with a position this huge?
For informational purposes only, not investment advice. DYOR.
#XPL
A whale with the wallet 0x5b5d…c060 is drawing attention after shorting $XPL with a notional value of ~$5.86M, using 3x leverage.
Amazingly, the position is currently up ~$1.76M on paper. With XPL at just ~$0.0819, the liquidation price is as high as ~$2.4203. That means the price would need to rise nearly another 2856.1% to trigger liquidation.
Honestly, seeing this XPL short leaves me both impressed and curious. Will they take profits early, or stay determined and hold on to maximize their gains? If you were in their shoes, what would you do with a position this huge?
For informational purposes only, not investment advice. DYOR.
#XPL