Whale Opens 3× Long on MON, Gains $654K in 12 Hrs
A whale takes a bold 3× long on $171.68M MON, already seeing $654K in gains. Liquidation looms at $0.02298.
- Whale 0xccB5 opened a 3× long on $171.68M MON
- $654K in unrealized profit within 12 hours
- Liquidation price is set at $0.02298
In the last 12 hours, whale address 0xccB5 has placed a high-leverage bet on $MON, opening a 3× long position worth a staggering $171.68 million MON tokens — approximately $5.6 million USD. This move is turning heads in the crypto world as the whale is already sitting on $654,000 in unrealized profits.
The MON whale long position is a risky but potentially rewarding trade that reflects growing confidence in the token’s short-term price trajectory. The sharp profit rise in just half a day highlights how quickly momentum can build in volatile markets like this.
Liquidation Risk at $0.02298
While the whale’s profits are mounting, the gamble comes with a clear line of danger. The liquidation price is set at $0.02298 — a level that, if reached, would wipe out the leveraged position. This means even a modest downward swing could threaten the whale’s capital.
However, the whale’s confidence in the market suggests either inside knowledge, technical conviction, or simply a high-risk appetite. Traders and analysts are now closely watching MON’s price action to see whether it sustains upward momentum or faces a sharp pullback.
Market Reaction and What to Watch
This MON whale long position has sparked conversation across social channels, with many wondering if this move will create a bullish wave in MON’s price. Historically, such large positions have had an impact on market sentiment, encouraging retail traders to follow the whale’s lead.
Going forward, all eyes are on MON’s price and whether the whale continues to hold, add to the position, or exit for profits. The move also underlines the increased activity and speculative behavior currently circling the altcoin space.
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