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
Crypto Market Records Modest Gains Amid Growing Optimism
The crypto market has seen slight gains, with a total capitalization of $2.52T and a 56.66% increase in trading volume. Bitcoin dipped slightly, while Ethereum rose. Notable gainers include HARRIS DOGS and PEPE. DeFi and NFT sectors also showed growth, alongside significant industry developments.
BlockChainReporter10m ago
Hyperliquid Open Interest Rises 27.8% in a Month, Mainstream Perp DEX Trading Volume Rebounds
On March 17th, DefiLlama data showed that decentralized perpetual futures trading platform trading volume rebounded, with Hyperliquid open interest up 27.8% since the beginning of this month. Both trading volume and open interest on major Perp DEXs increased.
GateNews15m ago
Spot gold breaks below $5,000 per ounce, a certain whale opens a $6.3 million gold short position in the short term
On March 17, affected by spot gold price breaking below $5,000 per ounce, the GOLD contract price on a certain decentralized derivatives platform declined, with the largest short address achieving unrealized gains of $620,000. Another address simultaneously opened short positions in both GOLD and SILVER contracts, with cumulative position size of $6.3 million, both of which have recorded unrealized gains.
GateNews17m ago
Abraxas Capital opens a 10x short position in crude oil on Hyperliquid, with a notional value of approximately $13.98 million.
On March 17th, Lookonchain detected that Abraxas Capital opened 146,601 crude oil short positions on the decentralized derivatives platform Hyperliquid, using 10x leverage with a notional value of approximately $13.98 million. The associated wallet has historical profits of $165.94 million.
GateNews1h ago
LME copper inventories surge by 18,775 tons to a recent high, with the largest on-chain long position down 41%
On March 17, London Metal Exchange copper inventories surged to 18,775 tons, hitting the highest level since 2019, putting pressure on copper prices with a short-term decline exceeding 1.4%. On-chain longs faced floating losses, with the largest long position's losses expanding to 41%.
GateNews1h ago
