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 deposit, with the valuation $2.23 million below the amount deposited, indicating a high-risk leveraged bet. This move highlights the risks involved in leveraged cryptocurrency trading, where losses can quickly exceed the value of the position. Investors should be cautious with such high leverage positions due to potential rapid losses.
This recent high-leverage bet on Monero underscores the volatile nature of such trades. On Pluang, Monero (XMR) is trading at Rp1.934.530 with a positive 1-day change of 2.41% as of Oct 29, 2026 11:31 WIB. The coin holds a market cap of Rp35,12 trillion and a 24-hour trading volume of Rp937,45 million, with typical holders keeping it for about 32 days.
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