According to data provided by the Analytics Platform Onchain lens, whales that shortened XRP and several other cryptocurrencies have recently been partially liquidated on high liquids.
The Whale (known as @Qwatio on the X social media platform) has quite an extreme leverage against Bitcoin and major altcoins. Traders had short positions in BTC (40x), ETH (25x), Sol (20x), and XRP (20x).
XRP was the worst performance short position for the whales. The tokens were significantly above the entry price of $2.894, resulting in a serious loss of over $650,000. The overall position was worth around $18.6.
The whale also faced a major loss with the Solana (SOL) token, which also moved sharply high.
A Whale's Wild High-Lipid Journey
This trader is not a stranger to a temporary setback. For example, in June he got Liquidation I lost a total of $10 million in six times within just three days on the high lipid platform.
In July, he accumulated a total loss of over $25 million after gaining a massive short position worth $334 million. Was wiped out. Earlier that month, his account fell from $16.3 million to just $67,000.
The whales were initially prominent in early March when they opened their incredibly dangerous 50x BTC and ETH long positions. In particular, he began depositing millions of USDC tokens on hyp bone before the list of tokens allegedly included in the US strategic cryptographic protected area was revealed. Some people assumed that insider trading was involved.
