BlockBeats News, February 25 — According to Coinbob’s hot address monitoring, the largest long position on XPL at Hyperliquid () has endured a prolonged “battle of endurance” lasting over four months, 137 days.
This address opened a 5x leveraged long position on XPL at an average price of $0.724 just before a major dip on October 11, 2025, attempting to bottom fish and catch the next upward wave of XPL. However, the market sharply reversed on the very day of entry, trapping this position in a long-term hold. Since October last year, the address has deposited approximately $6.7 million net into Hyperliquid, continuously adding margin and averaging down to sustain this contrarian position.
After 137 days and nights, the XPL price has shown no signs of recovery. The average cost basis of the position has been lowered to $0.176, but the unrealized loss remains at $3.46 million, a 507% loss, exceeding the original capital invested. It is poignant to note that during this period, no new positions were opened — all chips are committed to this single bet.
From late autumn through early spring, he is still waiting for a reversal.
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