Monero Whale Records More Than $3.15 Million in Profit on XMR Long Bet

A top Monero network holder has reportedly made more than $3.15 million in cumulative profit after 23 days of betting on XMR gains. According to Odaily, the position opened on August 9, reached a peak of 34,000 XMR, and the holder closed half the position last night for a profit of $1.637 million. The trader still holds a 4x leveraged position of 16,000 XMR with unrealized gains of more than $1.53 million.