Whale opens $14M long position on Monero via Hyperliquid

Someone really likes Monero right now. A newly created wallet dropped 3.56 million USDC onto Hyperliquid, the decentralized perpetual exchange, and immediately opened a leveraged long position on 36,000 XMR tokens. At entry prices hovering between $395 and $400, the notional value of the trade clocks in at roughly $14.33 million. The trader then set a take-profit ladder between $475 and $516, suggesting they’re expecting XMR to rally another 20% to 30% from current levels. Breaking down the trade The position uses approximately 4x leverage, meaning the trader’s $3.56 million in deposited collateral is controlling a position worth more than four times that amount. On-chain analytics from Lookonchain first flagged the whale activity on August 10, 2026. The wallet in question appears to have been created specifically for this trade, which is a common pattern among large traders looking to keep their broader portfolio activity under wraps. XMR has gained nearly 10% over the past week, trading in a range between $393 and $402 after breaking through a descending trendline that had been capping price action. Hyperliquid is a decentralized exchange specializing in perpetual futures that op...