Whale Takes $14.33M Long Position in XMR on Hyperliquid
A significant trade on the decentralized perpetual exchange Hyperliquid has caught the attention of crypto observers. A whale investor deposited $3.56 million in USDC and used it to open a leveraged long position on 36,000 XMR tokens, with a notional value of around $14.33 million at entry prices between $395 and $400.
The trader then set take-profit targets between $475 and $516, indicating an expected rally of 20% to 30% from current levels. This is not the first large trade on Hyperliquid for XMR; a similar whale trade was reported earlier in 2026 with a $2.27 million USDC deposit.
The use of perpetual futures on platforms like Hyperliquid allows traders to bet on price movements without buying the underlying asset, making it an attractive option for Monero due to its restricted spot market access.