A whale is currently closing its long position on XPL while shorting WLFI, still holding long positions in ETH and SOL worth over $50 million.

BlockBeats News, August 23, according to MLM data, a new wallet that deposited $12 million into Hyperliquid 2 days ago is currently unwinding its $3 million XPL long position at TWAP (Time Weighted Average Price) and simultaneously shorting $1.5 million worth of WLFI.

His unwinding operation has brought down the XPL funding rate to -0.0040% (annualized -35%). Additionally, the wallet also holds $40 million in ETH long positions and $11 million in SOL long positions.