An account with a $1.2 million initial long position in MON has grown to $4 million, and a buy order is currently placed to push MON to $0.05

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According to BlockBeats, on November 26th, Coinbob's monitoring of popular addresses showed that the address (0xccb) that heavily invested $1.2 million in long positions in MON partially closed its positions today, realizing a profit of approximately $3.47 million. It currently still holds approximately $6.49 million in long positions in MON, with a floating profit of $2.24 million (103%), at an average price of $0.028. Furthermore, it placed take-profit orders in batches between $0.05 and $0.10, and a stop-loss order at $0.031.

Further monitoring revealed that this address started its long position at approximately $0.024 in MON starting at midnight on the 25th, and then used all of its $1.2 million initial capital to buy more within 6 hours, subsequently rolling over the position to increase its long position. By 6:00 AM on the 25th, the price of MON had risen to approximately $0.035, and its position had grown to $4.8 million, with the average price increasing accordingly to $0.028. As of press time, its account balance had grown from an initial $1.2 million to $4 million, making it the largest long position holder of MON on Hyperliquid.

Source:KuCoin News
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