A newly created crypto wallet has drawn attention from on-chain analysts after depositing 2 million USDC as margin and opening a leveraged long on Monero (XMR). On August 9, analyst Ai Yi (@ai_9684xtpa) flagged the address 0x615…d69d5, which then built a 4x leveraged position of 10,962.78 XMR at an average entry price of $383.23. The position is worth about $4.18 million, making it the second-largest XMR position on Hyperliquid and representing 10.5% of the platform's XMR open interest. In addition to the long, the same wallet placed limit buy orders totaling $1.082 million between $378.2 and $381.4. The orders indicate the trader stands ready to add to the position if XMR falls into that range, according to the monitoring data. The alert was first reported by BlockBeats on August 9.
On-chain analyst Ai Yi (@ai_9684xtpa) has flagged a new wallet that is now holding one of the biggest XMR long positions on Hyperliquid.
The wallet, 0x615…d69d5, first received 2 million USDC as collateral. It then opened a 4x leveraged long of 10,962.78 XMR at an average entry price of $383.23. That puts the notional value of the position at roughly $4.18 million, according to BlockBeats.
The position now ranks second among XMR positions on Hyperliquid and accounts for 10.5% of the platform's XMR open interest.
The same address also placed limit buy orders with a combined value of $1.082 million in the range between $378.2 and $381.4. If XMR drops into that zone, the trader will add to the position.
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