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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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#WebX2025# #Gate# - Gate Launches GUSD!
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A certain Whale is closing a long order on XPL while shorting WLFI, still holding over 50 million USD in long orders for ETH and SOL.
According to BlockBeats news on August 23, data from MLM indicates that a newly created wallet that deposited 12 million USD into Hyperliquid 2 days ago is currently closing a long order of 3 million USD in XPL using TWAP (Time Weighted Average Price), while shorting 1.5 million USD in WLFI. His closing position has pushed the funding rate for XPL down to -0.0040% (annualized -35%). Additionally, the wallet holds a long order of 40 million USD in ETH and a long order of 11 million USD in SOL.