MLM: Technorevenant continues to hold 80 million XPL; unrealized losses narrow to $86.6 million
Svmuu News: According to MLM monitoring, the 80 million XPL (approximately $9.2 million) purchased by trader Technorevenant several days after the XPL token generation event (TGE) have yet to be sold, accounting for about 0.8% of the total supply. As the price of XPL has recently rebounded, the trader’s paper loss has narrowed from a recent low of approximately $91 million to about $86.6 million. Analysts believe that the size of this holding still exerts significant market influence among highly volatile tokens, and the prolonged inactivity of these tokens may continue to put pressure on secondary market liquidity and sentiment, or fuel expectations of potential selling pressure.
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Source:Odaily · Source Link
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