Techno Revenant’s XPL Trading Strategy Experiences Losses Amidst Price Decline

Techno Revenant, known for previously profiting $38 million through manipulating XPL liquidations, has continued trading activities utilizing over 15 addresses to leverage XPL at a 1x ratio. At its peak, Techno Revenant controlled 70% of the long positions on Hyperliquid’s XPL market. However, with recent price fluctuations in XPL, the value of their long position, currently estimated at $26 million (equivalent to 38.17 million XPL), has shifted from an unrealized gain of $10 million to a notable unrealized loss of $3.67 million.