Massive Whale Slaps XRP, ETH Price Short: What Do They Know?

A mysterious large crypto investor, popularly referred to as crypto whale, was spotted making million-dollar moves on Derivatives markets. Particularly, a $4.4 million USDC stablecoin deposit into HyperLiquid’s decentralized exchange (DEX) was made to open a highly-leveraged short position on Ripple (XRP) & Ethereum (ETH). Brave Play On XRP Price Drop Apparently, the crypto whale in question thinks these altcoins have topped out. According to on-chain data from blockchain intelligence platform OnChain Lens, the courageous Ethereum (ETH) short price position was multiplied 20 times, currently valued at nearly $19 million. ETH price would have to tack on a massive

Continue reading on DailyCoin.