Whale in $631,000 Loss on XRP After Opening 20X Leveraged Long

24-Jun-2026 The Crypto Basic

Whale in $631,000 Loss on XRP After Opening 20X Leveraged Long

A trader on Hyperliquid is experiencing losses on an XRP trade after taking on a massive leveraged position worth nearly $31 million. The position drew attention in the crypto community due to its size, high leverage, and the uncertainty currently affecting crypto markets.

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