Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
According to on-chain data monitoring, a well-known trading account with the address 0x880a, known as the "20 Million Wave Hunter," has recently made a big move again. This seasoned trader has been continuously adding to their short positions on XMR over the past hour, now holding the largest on-chain XMR short position.
Specifically, the account is currently short 8,383 XMR with 5x leverage, with a total value of approximately $5.1 million, and an average entry price around $594.01. Meanwhile, the trader is also reducing their short positions in BTC, SOL, XPL, and kPEPE, with the account's unrealized profit reaching $7.78 million.
In terms of trading style, this address is a typical aggressive trader—favoring high leverage for short-term trades, with a decisive approach. More notably, its historical track record shows a total profit of $101 million over full cycles, demonstrating its strength in on-chain trading. The movements of such large accounts are often worth market participants' attention.