A major crypto whale opened a long position in two altcoins with a large amount of collateral, according to onchain data.
According to data from on-chain analytics platform Hypurrscan, an unnamed cryptocurrency whale made notable trading moves by depositing 11.37 million USDC into decentralized derivatives platform Hyperliquid.
The whale opened leveraged long positions with these assets, particularly in XRP and Solana (SOL) pairs.
However, let us also remind you that leveraged trading, which is already high-risk, can lead to major losses when combined with high-risk cryptocurrencies.
The size of the position opened on the XRP side was recorded as $12.03 million. The trade opened at $3.17 for approximately 3.77 million XRP. The liquidation price for the position was set at $1.63. This means the whale’s position could be liquidated if the price drops significantly. The trade was executed with 2x isolated leverage.
The position opened for SOL is $10.68 million. This position opened at $188.2 for approximately 56,869 SOL. However, the price retreated slightly during the transaction, falling to $187.87. The liquidation price for the SOL position is $96.50.
