The mysterious whale who previously splashed $33M into $XPL is still actively moving pieces on the board.
Initial Moves (9 hours ago):
DEPOSITED 31.52M USDC into Hyperliquid.
OPENED a 2x long on XPL, holding 112.5M tokens (~$11.6M) at an entry of $1.02, quickly netting a $135K profit.
Bought $24.91M worth of XPL spot, leaving $3.22M USDC idle.
Wallet: 0xd80DA302010A415586d92532a00A9544CFde70be
UPDATE:
Spot Holdings Expanded ; Now sits on 36.23M XPL, valued at $37.69M, but currently showing a floating loss of $197K.
Leverage Adjustments ; CLOSED OUT the 2x long at a loss, then reopened a 3x long worth $680K, which is now being gradually reduced.
THIS TIME, the whale’s aggressive buys didn’t trigger a sustained pump — XPL spiked briefly but slid back to $1.02.
WHAT YOU ALL think; Could this be smart accumulation, or a sign that whale influence on #XPL ’s price is fading?
