A whale has deposited 4.4 million USDC into HyperLiquid to short ETH with 20x leverage and short XRP with 8x leverage.

BlockBeats News, May 14th, according to Onchain Lens monitoring, a whale deposited 4.4 million USDC into Hyperliquid, opened a short position with 20x leverage on ETH, and opened a short position with 8x leverage on XRP.

Source

Correction/Report

RelatedRecommended

XRP Up 3x in a Week, How to Hype the Ecosystem Meme?

Meme Coins in the XRP Ecosystem are attracting inflows of funds, with high volatility bringing both opportunities and risks. This speculative frenzy may indeed propel XRP's rise.

Grayscale Announces It Will Disband XRP Trust Fund

The promoters have liquidated the trust's XRP and the trust will terminate upon distribution of net cash proceeds.

One billion XRPS have been unlocked from the Ripple managed wallet

Sources: Galaxy Digital and Jump Trading have stopped making markets for XRP

The Bitwise 10 Crypto Index Fund will liquidate its XRP holdings.

Jed McCaleb is putting XRP on hold, or being affected by Ripple lawsuit

On-Chain Activity