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Whale opens $14M 4x leveraged long on Monero via Hyperliquid, targeting 20-30% price gains.

Market News
10 Aug 2026
Crypto Briefing
View Source
Bullish
pluang ai news

A newly created wallet deposited $3.56 million USDC on Hyperliquid to open a 4x leveraged long position on 36,000 Monero (XMR) tokens, valuing the trade at about $14.33 million. The trader set take-profit targets between $475 and $516, anticipating a 20-30% rally from current prices around $395-$400. This move highlights growing interest in decentralized perpetual futures for Monero, especially as XMR faces delisting from major centralized exchanges due to regulatory concerns. Hyperliquid’s platform offers an alternative trading venue without traditional KYC, making it attractive for large traders seeking exposure to XMR despite limited spot market access.

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