A single Hyperliquid wallet has built a massive $51.1 million long position in $XRP currently showing approximately $11.51 million in unrealized profit.
The trader first opened the position on August 19 at around $1.0685 before adding another $23.89 million on August 22 at an average price of $1.2533. The position is now held with 10x leverage and backed by roughly $5.11 million in margin.
The wallet's mark price stands near $1.4587, putting the position around 29% above its reported entry level. The trader has reportedly made hundreds of additions while maintaining a 100% long bias, showing that the position was built progressively rather than through a single entry.
The liquidation price is around $0.9357, leaving a considerable gap between the current market level and the forced-liquidation zone. However, the use of 10x leverage means the position remains highly sensitive to sharp XRP volatility.
The wallet's recent performance has also been notable. Its 24-hour P&L reportedly moved from an early loss of roughly $1 million to gains approaching $3 million, ending the period with around $2.56 million in profit.
The positioning is particularly interesting because other large XRP traders on Hyperliquid have reportedly taken the opposite side of the market. With many top traders positioned short, this $51 million long stands out as a significant bullish bet.
Still, a large whale position does not guarantee that XRP will continue higher. Leveraged positions can be reduced or closed quickly, and unrealized profits can disappear during a sharp reversal...
For now, the key point is the scale of the position and the trader's willingness to continue adding as XRP moved higher. The next major test will be whether XRP can maintain its recent strength without triggering meaningful profit-taking across leveraged markets.
$XRP
#xrp
#Whale.Alert
The trader first opened the position on August 19 at around $1.0685 before adding another $23.89 million on August 22 at an average price of $1.2533. The position is now held with 10x leverage and backed by roughly $5.11 million in margin.
The wallet's mark price stands near $1.4587, putting the position around 29% above its reported entry level. The trader has reportedly made hundreds of additions while maintaining a 100% long bias, showing that the position was built progressively rather than through a single entry.
The liquidation price is around $0.9357, leaving a considerable gap between the current market level and the forced-liquidation zone. However, the use of 10x leverage means the position remains highly sensitive to sharp XRP volatility.
The wallet's recent performance has also been notable. Its 24-hour P&L reportedly moved from an early loss of roughly $1 million to gains approaching $3 million, ending the period with around $2.56 million in profit.
The positioning is particularly interesting because other large XRP traders on Hyperliquid have reportedly taken the opposite side of the market. With many top traders positioned short, this $51 million long stands out as a significant bullish bet.
Still, a large whale position does not guarantee that XRP will continue higher. Leveraged positions can be reduced or closed quickly, and unrealized profits can disappear during a sharp reversal...
For now, the key point is the scale of the position and the trader's willingness to continue adding as XRP moved higher. The next major test will be whether XRP can maintain its recent strength without triggering meaningful profit-taking across leveraged markets.
$XRP
#xrp
#Whale.Alert