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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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Famous trader TechnoRevenant holds approximately $31.1 million in long positions of XPL, accounting for 35.5% of Hyperliquid's total open interest.
BlockBeats news, on August 29, according to on-chain analyst @mlmabc, well-known trader TechnoRevenant holds a large low-leverage long position in XPL on Hyperliquid. Currently, he holds 28,295,963 XPL long positions (approximately 31.1 million USD), accounting for 35.5% of the total open contracts on Hyperliquid (87.5 million USD). In addition, he also has 26.534 million USDC in unused funds on Hyperliquid. It is worth noting that all of these positions have leverage below 1x, and he is slowly conducting TWAP operations instead of buying in the market, thereby minimizing the impact on the short-term market.