Breaking! XMR Liquidation Shock: Whale Loses $896,000, Market Sentiment Soars
On January 17, the cryptocurrency world erupted with big news! The well-known on-chain data platform Onchain Lens issued a warning about a whale address labeled [0xf35], which just performed a “blood loss” liquidation — it completely closed its 2x leveraged long position on XMR (Monero) at a high, incurring a direct loss of $896,000.
Once the news broke, it instantly flooded social media. It’s important to note that XMR, as a long-established privacy coin, has always been a target for Grayscale's holdings. Previously, during the market surge at the beginning of 2025, it had achieved impressive gains due to the dual benefits of “anonymity + halving expectations,” attracting a lot of leveraged funds. This whale happened to add leverage for a long position at the market peak, not expecting that the XMR price would turn downward, triggering a passive liquidation.
“2x leverage” may not seem high, but in the volatile crypto market, it’s enough to make even large capital unable to withstand it. An experienced player analyzed in the comments: “This operation is most likely a result of chasing highs and getting trapped, unable to bear the volatility, which led to a loss and exit; leveraged trading is indeed a double-edged sword.” Others speculate that this might just be a short-term release of market sentiment, as the halving logic for XMR is still in play, and the subsequent trends are still worth watching.
Regardless, this incident once again sounds the alarm for crypto investors: leverage can amplify gains, but it can also double losses. During sensitive phases of bull-bear transitions, controlling risk is always the top priority. Will XMR be able to stabilize its downturn? Will this whale short the market? Let’s keep an eye on the follow-up.
#CryptoMarketObservation
