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The whale that bought $30 million of XPL today opened a short position with 2x leverage, possibly for spot hedging.
2025-09-27 07:54

According to Odaily Planet Daily, on-chain analyst Yu Jin Monitoring said that the whale who spent 33 million USDC to buy 24.295 million XPL today has now transferred 7 million USDC to the contract account and started to short XPL with 2x leverage. It currently shorts 1.54 million XPL and may hedge its spot positions.