One of Hyperliquid’s most aggressive and closely watched traders is back, and this time, he is going long on XRP with $30,043,987 of conviction. The move is part of a larger $328 million long position across four major assets, including 1,247 BTC worth $112.8 million; 37,414 ETH worth $115.6 million; 503,778 SOL worth $69.8 million; and 14.26 million XRP.
The XRP entry was at $2.1027, just above the current market price of $2.1004, suggesting the timing occurred during a local spike. The position carries 20x leverage, with liquidation for XRP at $0.3887—more than 80% below the current price—indicating the trader’s willingness to take on significant risk.
Despite high leverage across positions, the trader has not deployed additional margin and shows a zero withdrawable balance. The move into XRP and other altcoins points to a bet on a breakout rather than a passive rotation, though it remains unclear whether it is a volatility play or an early move ahead of new catalysts.
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