「1.2M Principal MON Long」 account funds have increased to $4M, now placing a buy order to long MON to $0.05

BlockBeats News, November 26th. According to Coinbob Popular Address Monitor, the address that went long on MON with a $1.2 million principal today partially closed its position, realizing a profit of approximately $347,000. Currently, it still holds a long position in MON worth about $6.49 million, with an unrealized gain of $2.24 million (103%) and an average price of $0.028. Additionally, it has set take-profit orders in batches in the $0.05 to $0.1 range and placed a stop-loss order at $0.031.

According to monitoring, this address started accumulating at around $0.024 on the 25th and then within 6 hours fully invested the $1.2 million principal and leveraged to increase the position. By 6 a.m. on the 25th, when MON's price had risen to around $0.035, its position size had increased to $4.8 million, and the average price had been adjusted to $0.028. At the time of writing, the account funds have grown from the initial $1.2 million to $4 million, making it the largest long holder of MON on Hyperliquid.