As disclosed by the venerable Onchain Lens, a most audacious and scrutinized trader, whose name echoes through the hallowed halls of Hyperliquid, has returned to the fray-this time, with a penchant for XRP, and a sum of $30 million, a figure as grand as it is audacious. This whale, once famed for unloading 255 BTC with the grace of a seasoned duelist, now finds himself embroiled in a 180-degree reversal, betting heavily on XRP with 20x leverage, a maneuver as perilous as it is grandiose.
In December, this very wallet, having held 514 BTC for over a year, chose to part with 255 BTC, a transaction valued at $21.8 million, which it then wielded to fund a staggering $80.2 million in Bitcoin shorts and $2.1 million in ETH shorts. Such a move, akin to a chess grandmaster sacrificing pawns for a checkmate, yielded a profit of $8,283,137.32-a sum that would make even the most stoic investor blush.
The new endeavor, a $328 million long position, is a tapestry of assets: 1,247 BTC, 37,414 ETH, 503,778 SOL, and 14.26 million XRP. A portfolio as diverse as it is daring, though one might wonder if the whale is merely playing a game of financial roulette. 🎰
How risky is the move?
Despite leveraging his positions to an average of 10.8x, the whale has yet to summon additional margin, his account a barren wasteland of $0 withdrawable balance-a testament to his full capital commitment. 🤯
His BTC long, a mere 2.58% in profit, is a flickering candle in the dark, while ETH, SOL, and XRP languish in the shadows. SOL, in particular, bears a loss of $386,000-a wound that would make even the most hardened gambler wince. The XRP entry at $2.1027, just above the current price of $2.1004, suggests a timing so precise it borders on the supernatural. 🧙♂️
Liquidation for the XRP position, a mere $0.3887, lies over 80% below the current price, a fact that speaks volumes about the investor’s audacity. 🚀
This foray into altcoins, particularly XRP, is a bet on a breakout leg, though whether it is a volatility play or a preemptive strike ahead of new catalysts remains shrouded in mystery. One thing is certain: this whale, once a harbinger of doom for Bitcoin, now dances on the edge of financial glory-or despair. 🌪️
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2026-01-09 18:13