A certain newly created address went long $4.18 million worth of XMR at an average price of $383.23.

August 9th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a newly created wallet 0x615…d69d5 received a transfer of 2 million USDC as collateral, and then opened a 4x leveraged long position for 10,962.78 XMR at an average entry price of $383.23. The position, with a value of approximately $4.18 million, is now the second largest XMR position on Hyperliquid, accounting for 10.5% of the open XMR positions on Hyperliquid.

In addition, this address also placed a total of $1.082 million worth of limit orders in the $378.2 to $381.4 price range. If the XMR price drops, it will further increase its position.