Whale Takes $16M Long Position on XYZ100 with 20x Leverage

A large investor, known as a whale in crypto circles, has taken a significant long position on XYZ100.

The whale opened a 20x leveraged long position on XYZ100 before the US stock market opened, with an initial investment of approximately $16.63 million at a price of $29,458 USD per unit.

The final position is expected to be around $22 million once all TWAP orders are executed, which have already begun to fill for over $5.3 million.

The whale deposited 5 million USDC before opening the long position on XYZ100.