XRP Whale Defies Market Panic After Multi-Million Liquidation

A mysterious XRP whale has faced one of the market’s most significant liquidations in the past hour, losing $4.12 million in a single move. Despite the massive hit, the trader has refused to close the position, according to on-chain data from Hyperliquid. The wallet currently holds 593 million XRP, leveraged 20 times, with a total value of just under $19 million. The trader entered at $3.21291, but the price briefly dipped below $3.18, triggering a partial liquidation. Even after this forced exit, the whale continues to hold the majority of the position, keeping exposure dangerously close to the $3.108 whole liquidation level.

Aggressive Re-Entries Despite Losses

Rather than pulling out, the trader has repeatedly added to the position. Within minutes, the wallet moved in and out of trades at $3.1931, then $3.4046, and back down to $3.19. During these rapid moves, the whale acquired over 1.4 million XRP worth of additional exposure, even as market conditions deteriorated.

_{Source: HypurrScan}

Over the past hour, long positions across the market have faced $45.8 million in total liquidations. XRP accounted for more than $4 million of that figure, primarily from long-term traders. Shorts, on the other hand, saw only $29,660 in liquidations, showing that bulls bore the brunt of the losses.

High-Stakes Gamble Nears Breaking Point

This strategy appears extremely risky. The whale has already incurred a loss exceeding $100,000, along with $29,000 in fees, yet continues to double down. With the liquidation level edging closer and price action showing no strong recovery, the position hangs by a thread.

The trader’s next move remains uncertain. It could be a calculated attempt to counter retail panic or a high-leverage gamble hoping for a sharp rebound. Whatever the intention, the position is still open, the risk is mounting, and time is running out for this massive XRP bet.

Lanre Durojaiye

Mr. Durojaiye Olusola is a finance graduate and cryptocurrency writer with over a year of experience providing market insights and clear, well-researched analysis. Dedicated to helping readers understand blockchain trends and digital asset developments.

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