BlockBeats News, February 25 — According to Coinbob’s hot address monitoring, the largest long position on XPL at Hyperliquid () has endured a prolonged “battle of endurance” lasting over four months, 137 days.
This address opened a 5x leveraged long position on XPL at an average price of $0.724 just before a major dip on October 11, 2025, attempting to bottom fish and catch the next upward wave of XPL. However, the market sharply reversed on the very day of entry, trapping this position in a long-term hold. Since October last year, the address has deposited approximately $6.7 million net into Hyperliquid, continuously adding margin and averaging down to sustain this contrarian position.
After 137 days and nights, the XPL price has shown no signs of recovery. The average cost basis of the position has been lowered to $0.176, but the unrealized loss remains at $3.46 million, a 507% loss, exceeding the original capital invested. It is poignant to note that during this period, no new positions were opened — all chips are committed to this single bet.
From late autumn through early spring, he is still waiting for a reversal.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
SUI Price Eyes $1.10 Breakout as Whale Positions Rise
Key Insights
SUI trades at $0.96 with RSI at 53.66, showing neutral momentum while maintaining upside room for expansion toward resistance levels.
Whale positioning at 70% long signals strong institutional confidence, aligning with rising open interest and steady capital inflows despite
CryptoNewsLand31m ago
ADA Price Outlook as Cardano Lands LSE Tokenized Deal
Key Insights
Cardano tokenized a Hannover Re reinsurance product and listed it on the London Stock Exchange, expanding blockchain use in regulated institutional markets.
ADA price holds within a descending wedge as support at $0.2400 remains intact while resistance near $0.2550 and $0.2824 l
CryptoNewsLand35m ago
PEPE Price Climbs as Bulls Test Key Resistance Breakout
Key Insights
Pepe’s price rises for three days as improving sentiment boosts retail demand, supported by stronger participation and steady gains in futures open interest.
Futures open interest climbs above $213 million, signaling growing trader confidence as rising positions align with
CryptoNewsLand41m ago
Chainlink Price Tightens as $10 Resistance Holds Firm
Key Insights:
Chainlink trades between $8.5 and $10 as a tightening range signals volatility expansion, with buyers showing early strength through higher lows formation.
Open interest drops to $380 million while persistent spot outflows indicate cautious sentiment, though declining selling p
CryptoNewsLand1h ago
ETH at $2,428 Would Trigger $1.007B Short Liquidations; Break Below $2,210 Risks $935M Long Liquidations
Gate News message, April 24 — According to Coinglass data, if Ethereum (ETH) breaks above $2,428, cumulative short liquidations across major centralized exchanges would reach $1.007 billion.
Conversely, if ETH drops below $2,210, cumulative long liquidations across major CEXs would reach $935
GateNews1h ago
PENGU Eyes $0.009 as Open Interest Surge Signals Breakout
Key Insights
PENGU’s tightening Bollinger Bands and neutral RSI show controlled accumulation, indicating momentum buildup that typically precedes significant price expansion in volatile markets.
Open interest climbed despite falling prices, reflecting new capital entering positions and
CryptoNewsLand2h ago
