The most loyal XPL main force army on-chain opened a long position on the eve of "10.11", depositing a total of 6.7 million funds to hold the position up to now.

BlockBeats News, February 25th, according to Coinbob Popular Address Monitor, the largest XPL long position (0xf47) on Hyperliquid has experienced a long-lasting "war of attrition" lasting over four months, or 137 days.

On the eve of a major plunge on October 11, 2025, this address established a 5x leveraged XPL long position at an average price of $0.724, either attempting to catch the bottom to capture the next XPL uptrend. However, the market plummeted on the same day the position was opened, leading to a "long squeeze" situation for this address. Since October of last year, this trader has deposited approximately $6.7 million into Hyperliquid, continuously adding margin, cost-averaging, and consistently replenishing ammunition for this contrarian position.

After 137 days and nights, with no improvement in the XPL price, the average entry price has been lowered to $0.176, but the unrealized loss still stands at $3.46 million, a staggering 507% loss, exceeding the initial margin. Interestingly, no new positions have been opened during this period—all the chips are placed on this one bet.

From deep autumn to early spring, they are still waiting for a turnaround.