A newly created cryptocurrency wallet deposited 4 million USDC on the Hyperliquid platform and then opened a 5x leveraged long position in 3,000 Monero (XMR), worth approximately $1.77 million. This move indicates significant bullish sentiment on Monero by this new market participant. Leveraged positions like this can amplify gains but also increase risk, making it a notable event for investors watching Monero's price action.
Regarding the new wallet opening a 5x Monero long worth $1.77 million, here is Pluang's market snapshot as of Oct 29, 2026 10:41 WIB: Out of 50 major cryptocurrencies priced on Pluang, 6 rose and 42 fell today. Notable movers include SAND at Rp829 with a 1-day change of -5.04% and Pluang order activity of 13% Sell / 87% Buy, VET at Rp112 with -5.02% change and 24% Sell / 76% Buy activity, and COTI at Rp183 with -4.97% change and 39% Sell / 61% Buy activity. The most notable figure is SAND's 87% buy order activity.
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A newly created wallet deposited $4 million in USD Coin (USDC) to the Hyperliquid platform and opened a 5x leveraged long position on 3,000 Monero (XMR), valued at about $1.77 million. This position is significantly lower in value than the initial de...
