A whale opened a 20x leveraged long position on XYZ100, with the final position expected to be approximately $22 million.

Odaily reported, according to on-chain analyst Ai Yi’s monitoring, before the US stock market opened, a whale address deposited 5 million USDC at 7:30 PM tonight, then opened a long position of XYZ100 worth 16.63 million USD with 20x leverage at an opening price of 29,458 USD. Currently, more than 5.3 million USD of TWAP is gradually being executed, and the final position is expected to be around 22 million USD.