ETH Whale Holding $40M Unwinds $3M XPL Long at TWAP, Driving XPL Funding Rate to -0.0040%
The post ETH Whale Holding $40M Unwinds $3M XPL Long at TWAP, Driving XPL Funding Rate to -0.0040% appeared on BitcoinEthereumNews.com.
COINOTAG News reported on August 23 that on-chain MLM data identifies a new wallet which deposited approximately $12 million into Hyperliquid two days prior and is executing a measured unwind of positions. The address is liquidating a $3 million XPL long via TWAP execution while concurrently opening a $1.5 million WLFI short, activity that has compressed the funding rate to -0.0040% (annualized ~-35%). The same wallet retains sizable directional exposure, with roughly $40 million ETH longs and $11 million SOL longs on book. These on-chain flows and funding dynamics are material for traders monitoring leverage, basis and short-term funding risk in the crypto derivatives market. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex; adplace.innerHTML = adscodesBinance[adsindex]; sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBinance”, sessperindex); } })(); Source: https://en.coinotag.com/breakingnews/eth-whale-holding-40m-unwinds-3m-xpl-long-at-twap-driving-xpl-funding-rate-to-0-0040/
Filed under: News - @ August 23, 2025 11:27 am