The "1.2 million principal MON long" account has grown to $4 million, and is now placing orders to go long on MON up to $0.05.
BlockBeats News, November 26, according to reports, the address (0xccb) that heavily went long on MON with a principal of $1.2 million partially closed its position today, realizing a profit of approximately $3.47 million. Currently, it still holds MON long positions worth about $6.49 million, with an unrealized profit of $2.24 million (103%), at an average price of $0.028. In addition, it has set take-profit orders in batches in the $0.05 to $0.1 range, and a stop-loss order at $0.031.
According to further monitoring, since 0:00 on the 25th, this address started building its position in MON at around $0.024, and then within 6 hours, used the entire $1.2 million principal to buy in, increasing its position by rolling over long contracts. By 6:00 on the 25th, the price of MON had risen to about $0.035, and its position size had rolled up to $4.8 million, with the average price adjusted to $0.028. As of press time, the account's funds have grown from the initial $1.2 million to $4 million, making it the largest MON long position holder on Hyperliquid.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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