Renowned trader TechnoRevenant holds a long position in XPL worth approximately $31.1 million, representing 35.5% of Hyperliquid's total position.

BlockBeats News, August 29th, according to on-chain analyst @mlmabc, renowned trader TechnoRevenant is holding a large XPL low-leverage long position on Hyperliquid. Currently, he holds 28,295,963 XPL long contracts (about $31.1 million), accounting for 35.5% of Hyperliquid's total open interest ($87.5 million). Additionally, he also holds $26.534 million USDC of idle funds on Hyperliquid.

It is worth noting that all these positions are leveraged below 1x, and he is slowly conducting a TWAP operation instead of buying in the market, thereby minimizing the impact on the short-term market.