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Crypto

Monero Whale Bets Big on XMR Price Surge

Guavy AI Editorial Team
Instruments
HYPE USDC XMR
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A large crypto investor has taken a significant bet on Monero (XMR) through the Hyperliquid trading platform. The whale opened a $14.3 million leveraged long position, betting that XMR will rise to the $475-$516 range.

According to Blockchain analytics platform Lookonchain, a newly created wallet deposited 3.56 million USDC into Hyperliquid before opening a 4x long position on 36,000 XMR. The size of the position exposes the trader to amplified gains and losses due to the leverage involved.

The whale has already set take-profit orders at prices ranging from $475 to $516, indicating that it expects further upside in XMR.

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