A crypto whale opened a $14.3 million leveraged long position on XMR through the derivatives platform Hyperliquid, betting that Monero will climb toward the $475 to $516 range.
According to blockchain analytics platform Lookonchain, a newly created wallet deposited 3.56 million USDC into Hyperliquid before opening a position with 4x leverage on 36,000 XMR, valued at approximately $14.33 million at the time of the transaction. The identity of the wallet’s owner was not disclosed. The trader has already set take-profit orders at prices ranging from $475 to $516, signaling expectations of further upside for the token.
A whale is long $XMR and is targeting $475–$516!
A newly created wallet deposited 3.56M $USDC into Hyperliquid and opened a 4x long on 36,000 $XMR ($14.33M).
The whale then placed take-profit orders between $475 and $516.https://t.co/eTeAqthB9N pic.twitter.com/QItkoiA0j4
— Lookonchain (@lookonchain) August 10, 2026
Monero (XMR) is going through one of its best years, driven by growing demand for privacy-focused assets and technological developments such as the implementation of FCMP++, an upgrade designed to strengthen its anonymity capabilities.
However, XMR also faces media exposure due to its use in illicit operations: last month it was linked to the laundering of $120 million in USDT, and more recently it appeared in a $7.9 million attack on Coinsbuy wallets affecting the Tron and Ethereum networks. Blockchain investigator Specter confirmed that the attacker funneled the stolen funds into Monero through exchanges.
Source:Â https://x.com/lookonchain/status/2086628315700568235
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