According to on-chain analyst Ai Yi, a certain address (0xb9c...6801e) has seen a $2.63 million floating profit on its $10.7 million long position (13.68 million XPL) due to a short-term surge in XPL. The opening price was $0.5901. This address had previously profited over $16 million from hedging. When XPL hit $0.99, the address's floating profit reached $5.47 million.