Trader Becomes Largest On-Chain XMR Short Holder with $5.1M Position

2026-01-20 10:46

A trader known as the "20 million band hunter" has significantly increased their Monero (XMR) short position, becoming the largest on-chain XMR short holder. The trader, identified by the address 0x880a, is now shorting 8,383 XMR at 5x leverage, valued at approximately $5.1 million, with an average entry price of $594.01. This move comes as they reduce short positions in Bitcoin (BTC), Solana (SOL), XRP (XPL), and kPEPE. The account, known for its aggressive trading style and high leverage use, currently holds a floating profit of $7.78 million and has accumulated total profits of $101 million.

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