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Home » Altcoins » Giant Whale Makes $6 Million Bet on XRP
Altcoins

Giant Whale Makes $6 Million Bet on XRP

Crypto Observer StaffBy Crypto Observer StaffMay 12, 2025No Comments1 Min Read
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According to data provided by Onchain Lens, a total of $5.84 million USDC was deposited into HyperLiquid, a decentralized derivatives exchange, earlier today.

The deposit was used in order to open a long position on the Ripple-linked cryptocurrency with 2x leverage.

Notably, the same trader previously went long on Ethereum (ETH) with 2x leverage, securing a floating profit of $10 million. The leading altcoin is up by nearly 40% over the past week.

According to CoinGecko data, XRP is changing hands at $2.39, dropping by 0.8% over the past 24 hours.

The cryptocurrency market is currently in a wait-and-see mode amid trade negotiations between the US and China.

Read the full article here

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