The "1.2 million principal MON long position" account has grown to 4 million USD, and currently has a buy order for MON at 0.05 USD.

This article is machine translated
Show original

On November 26th, according to Coinbob's monitoring of popular addresses , the address (0xccb) that long positions in MON partially closed its positions today, realizing a profit of approximately $3.47 million. It currently still holds approximately $6.49 million in long MON positions, with a floating profit of $2.24 million (103%), at an average price of $0.028. Furthermore, it placed profit-taking orders in batches between $0.05 and $0.10 and set a stop-loss order at $0.031.

According to further monitoring, this address initiated a position at approximately $0.024 on the MON price starting at midnight on the 25th. Within six hours, it used its entire initial capital of $1.2 million to buy more shares and then rolled over the position to further increase its long position. By 6:00 AM on the 25th, the MON price had risen to approximately $0.035, and its position had grown to $4.8 million, with the average price increasing to $0.028. As of press time, its account balance has grown from the initial $1.2 million to $4 million, making it the largest long position holder on MON on Hyperliquid.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments