The major crypto whale has marketed on watchlists after new wallets have been created and USD 10.98 million has been transferred to acquire a highly lipid-levered position. The Whale portrays a high level of confidence in XPL as XPL began its long position by trading at 3x leverage.
The whale created a new wallet “0xB9C” and deposited 10.98m $USDC on #HyperLiquid for a long time with $XPL with 3x leverage.
The position is 16.17mm $XPL ($8.76mm), with current losses of 519k.https://t.co/j4qubbbl2l pic.twitter.com/yktoywwwbon.
– lookonchain (@lookonchain) August 25, 2025
Location details
On-chain evidence shows that wallet account 0xB9C…6801E holds off a permanent future position equivalent to 16.7 million XPL or 16.17 million tokens.
The trade entry level was USD 0.57394 per XPL, while the trading price fell to USD 0.54185 per XPL. This caused the wallet to be high and unrealistic losses.
Current losses and liquidation risks
The whale's status has an unrealized loss of approximately $518 and $965, with additional funding costs exceeding $9. The settlement price is 0.15925.
The trade is heavy in size, but the whales have not yet closed or adjusted their position. This shows confidence in rebound whales.
Market impact and speculation
Risky bets show an increase in speculation for XPL, a relatively new crypto asset that has been gaining popularity recently. Whales who make large-scale leveraged transactions seem to always spark controversy as they can drive emotions and perhaps generate capital flows that emit liquidity.
The market is worrying about whether whales will double or weathering volatility will double.
Conclusion
This long $10.9 million position in XPL was one of the biggest whale positions that have been performed with high lipids over the past few weeks. The trade is currently a loss of $500,000, but this trade shows high confidence in the potential for XPL to rise. As leverage increases risk and rewards, the Crypto community is watching this high stakes gamble play with caution.
