XPL Whale transferred 39.6 million USD to Mainnet late at night, "Big Brother Majik" has unrealized gains of 1 million USD.

The crypto market is seeing significant whale movements again! According to on-chain monitoring, a mysterious whale transferred nearly 40 million USD worth of XPL tokens to the Plasma Mainnet late last night, while well-known KOL Cozomo de' Medici also made a hefty purchase of 780,000 XPL. Even more noteworthy is that the Chinese musician Huang Licheng (Brother Ma Ji) holds 13.8 million XPL, which has unrealized gains exceeding 1.17 million USD. With these large investors getting on board, does it signal that XPL is about to welcome a new round of pump?

Whale late night operation: 24.29 million XPL quietly transferred to Mainnet

(Source: Plasmascan)

According to on-chain analyst @ai_9684xtpa's monitoring, a cryptocurrency whale transferred 24.29 million XPL tokens (worth approximately 39.6 million USD) to the Plasma Mainnet via the Hyperliquid cross-chain bridge late at night on September 28. This massive flow of funds has attracted widespread attention in the market.

The transaction details show that this batch of tokens was first sent to the address 0x57d...02dd1, and then a cross-chain transfer was completed. It is noteworthy that the receiving address currently shows no subsequent activity, indicating that the whale may be adopting a holding strategy rather than an immediate sell-off.

Market analysts point out that this large-scale transfer of funds to the Mainnet rather than to exchanges typically suggests that investors hold an optimistic view of the long-term prospects of the Token. In the crypto market, when Large Investors withdraw assets from exchanges, it is often interpreted as a signal to reduce immediate selling pressure.

Famous KOLs and musicians are getting on board: confidence or speculation?

In addition to the actions of anonymous Whales, several well-known individuals have also publicly or been discovered holding a large amount of XPL, further attracting market attention.

· Cozomo de' Medici: Large Investors purchased 780,000 XPL

(Source: Arkham)

According to monitoring by Lookonchain, crypto KOL Cozomo de' Medici deposited 1.28 million USDC into Hyperliquid on September 28 and purchased 781,252 XPL (approximately 1.28 million USD). Cozomo de' Medici has a wide influence in the crypto community, and his investment trends are often seen as a market barometer.

· Brother Magi: 13.8 million XPL unrealized gains of one million dollars

What is even more remarkable is that Chinese musician Huang Licheng (Brother Maji) currently holds 13.8 million XPL, with a total value reaching 22.62 million USD. According to the information disclosed by on-chain analyst Ai Ayi (@ai_9684xtpa) on September 28, the opening price of these holdings was 1.55 USD, and with the current price of XPL rising to 1.64 USD, he has now realized unrealized gains of 1.178 million USD.

Analysts point out that considering XPL is a relatively obscure token, such a large position may reflect strong confidence in the project's fundamentals or be part of a professional market-making strategy. In particular, the position of Big Brother Magic has been confirmed as a leveraged operation, indicating optimism about the price trend of XPL.

XPL Market Status: Open Interest Soars to $1.826 Billion

The open interest for XPL has recently surged to 1.826 billion USD, becoming a hot topic in the market. This figure not only reflects the strong interest of investors in XPL but also indicates a significant increase in market participation.

In the past 90 days, the price of XPL has surged an astonishing 721.64%, currently trading at around $1.56, with a market cap close to $2.81 billion and a 24-hour trading volume exceeding $3.23 billion. This explosive growth has sparked discussions in the market about its sustainability.

Technical analysts indicate that "XPL has established a breakout and completed the traditional triple bottom strategy"; if the current momentum continues, its potential target price could reach $2. However, this rapid growth is also accompanied by significant risks.

Risk Warning: Liquidity Concerns and Regulatory Uncertainty

Despite the impressive performance of XPL, investors should remain vigilant of potential risks:

1. Liquidity Risk

Although the trading volume of XPL seems considerable, the market depth may not be sufficient to support large transactions. Thin liquidity means that large transactions may impact prices in unpredictable ways, leading to significant slippage or execution difficulties.

2. Market Manipulation Risk

As the attention on XPL increases, the likelihood of its price surging without substantial support also grows. Market manipulation, severe price fluctuations, and potential liquidity shortages are all potential risks.

3. Leverage Risk

For investors using leveraged trading, sudden market adjustments can lead to forced liquidations, further exacerbating market volatility. Although Mahji's leveraged position is currently profitable, it also faces this risk.

4. Regulatory Uncertainty

The global regulatory environment is tightening control over crypto derivatives. Regions in Asia, such as Singapore and Hong Kong, are establishing their own regulatory frameworks for crypto derivatives and stablecoins; Europe has introduced the Markets in Crypto Assets Regulation (MiCAR) aimed at increasing transparency and operational standards. These regulatory changes may have a significant impact on the future development of XPL.

Expert Opinion: XPL Market Outlook

Faced with the explosive growth of XPL and the entry of Whales, market experts have put forward different viewpoints:

Optimists believe that the transfer of assets by whales to the Mainnet rather than exchanges, along with the public entry of well-known investors, all suggest confidence in the long-term prospects of XPL. The continued development of the Plasma ecosystem and the participation of institutional investors may provide further momentum for XPL to pump.

The cautious faction points out that the huge pump of XPL in a short period has already overdrawn some of the upward space, and the market may need a period of consolidation. At the same time, liquidity risk and regulatory uncertainty are also factors that investors need to pay close attention to.

Regardless of the viewpoint, analysts agree that the future development of XPL will depend on the actual application progress of the Plasma ecosystem, the improvement of market liquidity, and the evolution of the regulatory environment.

Investment Advice: How to Respond to Market Fluctuations of XPL

For investors who intend to participate in XPL trading, experts offer the following advice:

Risk Control: Limit the investment amount within the range of acceptable losses to avoid excessive leverage.

Batch Operations: Consider building or reducing positions in batches to avoid making large trades at a single price point.

Focus on Liquidity: Assess market depth before executing large trades and allow for sufficient slippage.

Monitor Whale Movements: Continuously track the fund flow of large investors' addresses as a reference indicator of market sentiment.

Focus on Ecological Development: The importance goes beyond price fluctuations, paying attention to the actual development and adoption of the Plasma ecosystem.

With the continuous development of the XPL market, investors need to strike a balance between seizing opportunities and controlling risks, and formulate investment strategies that align with their own risk preferences.