TechnoRevenant Holds Over 35% of XPL Open Interest: Impacting Market Dynamics

Trader TechnoRevenant has captured attention with a significant position in XPL, holding over 35% of open interest on Hyperliquid’s platform. With a staggering 28,295,963 contracts, this concentration has the potential to significantly impact the exchange’s trading activity and its overall market dynamics. TechnoRevenant’s approach, which includes low-leverage trades executed through time-weighted average price (TWAP), further amplifies his influence on XPL’s volatility.