A whale who shorted XRP and several other cryptocurrencies recently got partially liquidated on Hyperliquid, according to data provided by analytics platform Onchain Lens.
The whale (who is known as @qwatio on the X social media platform) bet against Bitcoin and major altcoins with rather extreme leverage. The trader had the following short positions: BTC (40x), ETH (25x), SOL (20x), and XRP (20x).
XRP was the worst-performing short position for the whale. The token moved substantially above the entry price $2.894, resulting in severe losses of more than $650,000. The entire position was worth roughly $18.6.
HOT Stories Metaplanet Buys $54 Million in Bitcoin Shiba Inu (SHIB) Not Adding Zero? Bitcoin (BTC) $112,000 Is Fundamental, Ethereum's (ETH) Massive Chance for $4,000 Ripple Ranked Among Biggest Private Companies RippleX Dev on XRPL: "Nothing Will Happen to Your XRP"
You Might Also Like
Fri, 07/04/2025 - 21:15 Dormant Bitcoin Whale Carrying $8.7 Billion Awakens After 14 Years ByCaroline Amosun
The whale also faced substantial losses with the Solana (SOL) token, which also moved sharply higher.
The whale's wild Hyperliquid journey
This trader is no stranger to temporary setbacks. In June, for instance, he got liquidated six times within just three days on the Hyperliquid platform, losing a total of $10 million.
In July, he accumulated more than $25 million in total losses after his massive short positions worth $334 million got wiped out. Earlier that month, his account went down from $16.3 million to just $67,000.
The whale initially gained prominence by opening insanely risky 50x BTC and ETH long positions in early March. Notably, he started depositing millions of USDC tokens to Hypeliquid right before the list of tokens that would be allegedly included in the US strategic crypto reserve was revealed. Some assumed that there was some insider trading involved.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
