According to on-chain monitoring by @ai_9684xtpa on 28/8, the price of XPL on Hyperliquid briefly reached 0.8119 USD and is currently trading around 0.7745 USD; at the same time, the contract on Binance recorded 0.6354 USD, while the accumulated unrealized profit from 11 small positions of the main address related to the hedging sniper incident has increased to about 2,553,000 USD.
The information is based on the report dated 28/8 using on-chain data monitored by @ai_9684xtpa; the numbers reflect price volatility across two trading platforms and the unrealized profit of an address related to the hedging sniper event.
MAIN CONTENT
The price of XPL on Hyperliquid reached 0.8119 USD, currently around 0.7745 USD.
The contract on Binance is at 0.6354 USD, with a discrepancy between exchanges.
The unrealized profit from 11 small positions of the main address reached ~2,553,000 USD.
How has the price of XPL on Hyperliquid been recently?
According to on-chain monitoring by @ai_9684xtpa on 28/8, XPL on Hyperliquid once reached 0.8119 USD and is currently around 0.7745 USD.
The two price levels mentioned reflect short-term fluctuations on the Hyperliquid exchange on 28/8. The difference between the temporary peak and the current price indicates liquidity volatility and buying/selling pressure in a short time frame.
Why is the price on Hyperliquid different from the contract on Binance?
According to data cited on 28/8, the contract on Binance recorded 0.6354 USD, lower than the price on Hyperliquid.
The discrepancy between spot exchanges or derivatives may arise from differences in liquidity, order matching mechanisms, or the leverage positions of participants. When an exchange has thin liquidity, large orders can easily push the price temporarily up or down compared to elsewhere.
What is the accumulated unrealized profit from 11 small positions and what does it signify?
According to on-chain tracking by @ai_9684xtpa, the accumulated unrealized profit from 11 small positions of the main address related to the hedging sniper incident has expanded to approximately 2,553,000 USD as of 28/8.
This unrealized profit reflects the difference between the entry price and the current market price, which has not been realized. The number indicates a single address that could benefit significantly from price fluctuations, which could impact liquidity and market risk if positions are closed en masse.
What are the risks and consequences for investors from this situation?
The information indicates risks regarding price discrepancies and position concentration; investors need to be cautious and consider liquidity when trading XPL.
When one or several addresses hold significant positions, closing positions can cause substantial volatility on an exchange with low liquidity. Investors should monitor the order book, spread, and on-chain activity to assess liquidity risk and price drops.
Steps to verify the authenticity of on-chain data
To verify, check transaction history, the relevant wallet address, and compare data across multiple independent on-chain sources.
Cross-referencing data from block explorers, exchange APIs, and on-chain tracking reports helps assess whether the unrealized profit figures and reported prices are valid or just temporary fluctuations due to large orders.
Frequently Asked Questions
What date do the prices of 0.8119 USD and 0.7745 USD refer to?
The two price levels were recorded in the report dated 28/8, based on on-chain monitoring by @ai_9684xtpa.
Is the number 2,553,000 USD realized profit or unrealized profit?
The number represents the accumulated unrealized profit from 11 small positions, not the profit that has been realized.
What impact does the difference between Hyperliquid and the Binance contract have?
The spread reflects differences in liquidity and trading mechanisms; it can create opportunities or arbitrage risks depending on strategy and execution costs.
Source: https://tintucbitcoin.com/sniper-xpl-lai-noi-2553-trieu-usd/
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