A major cryptocurrency investor has deposited over $3 million into the decentralized exchange Hyperliquid while accumulating a significant position in Monero (XMR). On-chain data shows the entity has bought 7,189 XMR since mid-January using limit orders placed between $250 and $315, worth approximately $1.47 million. This accumulation occurs as XMR price remains range-bound between $290 and $360, with persistent selling pressure being absorbed by hidden buyer interest.
A prominent investor has transferred $3.16 million in USDC to Hyperliquid while systematically accumulating Monero (XMR). According to on-chain analysis reported on February 16, the whale has purchased 7,189 XMR using limit bids valued at $1.47 million placed between $250 and $315.
This accumulation reflects a deliberate positioning strategy during a period of compressed price action. At the time of reporting, XMR traded at $337.52, down slightly in the short term.
The price has been oscillating between a defined support level near $290 and resistance around $360. Momentum indicators are neutral, with the Relative Strength Index (RSI) reading 50.10.
Despite this, aggressive market selling continues to dominate spot order flow. As shown by CryptoQuant data, the 90-day Spot Taker CVD remains negative, signaling persistent sell-side pressure.
However, this selling has failed to break key support, suggesting underlying demand is absorbing the supply. This divergence sets up tension between visible selling and hidden buying interest.
Significant leverage clusters also threaten volatility. A liquidation heatmap reveals dense positions around $320 and above $350, which could trigger sharp moves if triggered.
The alignment of whale accumulation, range-bound price action, and heavy leverage creates a contested environment. The next decisive price move is expected to resolve the current compression.
