Data: A major player significantly increased holdings of XPL and hedged by closing a $2.4 million short position, then added to spot positions again.

According to ChainCatcher, on-chain analyst @ai_9684xtpa monitored that a major XPL whale closed a $2.4 million XPL short position, making a profit of $102,000, and subsequently increased their XPL holdings again.

Currently, this whale has purchased a total of 24.29 million XPL (approximately $36.22 million), with an unrealized profit of $3.26 million, and the contract account still has $7.23 million in available funds.