$1.2 Million Principal MON Long Account Grows to $4 Million

On November 26, monitoring revealed that an address (0xccb) with a $1.2 million principal heavily long on MON partially closed its position today, realizing a profit of approximately $3.47 million. The address currently still holds about $6.49 million worth of MON long positions, with an unrealized profit of $2.24 million (103%), at an average price of $0.028. It has set take-profit orders in the $0.05 to $0.1 range and a stop-loss order at $0.031. Monitoring also showed that the address began building its position on November 25 at around $0.024 for MON. Within six hours, it fully deployed the $1.2 million principal and increased its position through rolling trades. By 6:00 AM on the 25th, the price of MON had risen to approximately $0.035, and the position size had grown to $4.8 million, with the average price adjusted to $0.028. As of the time of writing, the account's funds have grown to $4 million, making it the largest MON long position holder on Hyperliquid.