Top HYPE Holders Are Going Long on XPL, Holding $5.2 Million in Long Positions
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According to ChainCatcher, on-chain data shows that a top HYPE holder is currently going long on XPL. This individual has used 380,000 KHYPE (worth $16.8 million) as collateral on Morpho to borrow 5.6 million USDT, and is currently holding a long position of 11 million XPL (worth $5.2 million).
Their entry price is $0.49178, with a liquidation price of $0.26422, and they are currently facing an unrealized loss of $57,000.
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