In-Depth Analysis of 0xSun's Silver Play
According to Coinbob's tracking data, on January 31 at noon, well-known crypto influencer 0xSun deposited approximately $2 million into Hyperliquid and established a long position in silver futures contracts at an average price of $86.38 using 4x leverage.
To date, the position has grown to 50,000 units with a total value of $4.295 million, currently showing a floating loss of around $22,000 (-1.17%). The liquidation price stands at $49.96, providing ample safety margin from current market levels.
Market Impact of 0xSun
Recognized as one of the 'smart money' figures in Chinese crypto circles, 0xSun first gained prominence during the NFT boom. Having delivered exceptional returns through strategic meme coin trading, the account now commands over 200,000 followers on X platform.
This latest move demonstrates sustained interest in precious metal derivatives within crypto markets, while offering valuable insights for the broader trading community.