Investor Doubles Down on XPL Despite Massive Unrealized Losses
Foresight News reports that investor Huang Licheng has boosted his XPL holdings to 8.8M units, worth roughly $13.3M.
But the move comes at a steep cost: with an average buy-in of $1.55 per unit, Huang is sitting on $14.06M in unrealized losses — about $381K per unit.
This aggressive accumulation is being read two ways:
Bullish signal: a strong show of confidence in XPL’s long-term prospects.
Risk warning: a reminder of the dangers of heavy concentration in a volatile market.
💡 Key Takeaway: Huang’s bet underscores both conviction and risk — proof that even seasoned investors can feel the pain of bad timing in crypto.