Key Takeaways:
A large trader on the Hyperliquid platform is on the verge of a significant loss, with a nearly $4 million short position in XRP facing liquidation if the token's price appreciates to $1.69. The position, held by wallet '0xc30...ba4c9', is under intense pressure as market dynamics challenge the heavily leveraged bet against XRP.
According to on-chain data from the whale tracker CoinGlass, the trader's portfolio is dangerously imbalanced. The XRP short position, valued at $3.99 million (equivalent to 2.78 million XRP), accounts for more than 60% of the total value of all positions, making it the decisive factor for the entire account's survival.
While the whale also holds short positions in Bitcoin (BTC), Ethereum (ETH), and Bittensor (TAO) that are currently showing a combined unrealized profit of approximately $13,000, the XRP short has a current loss of over $29,000. The entry price for the XRP short was $1.42, close to its current trading range, but the position's 7.10x total leverage has amplified the risk.
The critical issue is the lack of maneuverability. The account has a free margin of only $10,590, representing just 1.18% of the total capital. This severely restricts the trader's ability to add collateral or adjust the position to avoid liquidation. The situation is compounded by significant recent losses, with a 7-day PnL of –$289,980 and a 30-day PnL of –$263,890, indicating a prolonged period of poor performance that has eroded the account's capital buffer. If XRP's price continues to rise toward the $1.69 liquidation point, the forced closure of this large short could trigger a localized price squeeze.
This article is for informational purposes only and does not constitute investment advice.
