TAO experienced a significant 20% intraday surge, attracting substantial interest from large investors. Two major whales on the Hyperliquid platform have capitalized on this momentum by opening long positions. The first whale, identified as 0x0e0, initiated a long position at 6 a.m. with 5x leverage, investing $1.1 million at an average price of $269.50. This position has already yielded a paper profit of $110,000, with a liquidation threshold set at $224.
Meanwhile, another whale, 0xe51, entered a long position within the last four hours using 1x leverage, with a position size of $1.72 million at an average price of $295. This move has resulted in a paper profit of $30,000, making it the second-largest long position on Hyperliquid. These strategic investments underscore the growing bullish sentiment surrounding TAO.
Whales Secure $1 Million in Profits from TAO Long Positions
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