MLM: Technorevenant continues to hold 80 million XPL, with unrealized loss narrowing to $86.6 million

Odaily Planet Daily News According to MLM monitoring, the 80 million XPL (approximately $9.2 million) purchased by trader Technorevenant a few days after the XPL Token Generation Event (TGE) has still not been sold, accounting for about 0.8% of the total supply. With the recent rebound in XPL prices, its book unrealized loss has narrowed from a recent low of approximately $91 million to approximately $86.6 million.

Analysts believe that this holding position still holds significant market influence among highly volatile tokens, and the long-term untouched chips may continue to exert pressure on secondary market liquidity and sentiment, or create expectations of potential selling pressure.