Plasma (XPL) is actively being traded on Hyperliquid, with significant price fluctuations. Trader Techno Revenant has come to the forefront as a key player in the recent price changes.
The Role of Trader Techno Revenant in XPL Price Movement
Trader Techno Revenant has been identified as a major player in the XPL market, while extensive research has shown that his actions were not linked to TRON's Justin Sun. Techno Revenant explained that his aggressive opening of long positions was not malevolent but rather a case of inexperience. As a result, his actions led to significant fluctuations in XPL prices.
Trader's Long Position Data
Data from Hyperliquid shows that Techno Revenant opened several long positions with an estimated nominal value of $31.1 million. Despite the risk of liquidation, the trader does not use leverage and gradually increases his positions. One of his positions shows an unrealized profit of $1.4 million.
XPL Market and Liquidity
Following the recent actions of Techno Revenant, the XPL market has attracted the attention of other large players. Currently, there are 17 large positions on the market, significantly up from just nine positions a few days ago. XPL has stabilized at $0.69, still posing a risk for short liquidations.
The actions of trader Techno Revenant on the Hyperliquid platform have significantly influenced XPL price, despite his lack of intent to affect liquidity. The market continues to evolve, attracting the interest of other large players.
