Grade S Whale Boosts XRP Long to $1.04 Million at 20x Leverage

A high-leverage XRP long position by the Grade S wallet has seen significant growth, according to recent data on Hyperliquid. The trader's $1.04 million investment at an entry price of $1.4002 has reflected a gain of just 0.09% as of the latest mark price of $1.4015. This is notable considering the position was established at 20x leverage, with a margin placed for this position standing at $52,200.

Grade S wallet's performance on Hyperliquid has been impressive, boasting a 99.1% win rate and achieving profits on every trading day in the last month. This consistency is further highlighted by the trader's Sharpe ratio of 4.44, a key measure of risk-adjusted return. The associated account manages $5.08 million, with a realized profit and loss (PnL) of $411,900 over the past 30 days.

Another notable development is that this move comes after another whale established a large position in XRP on the same platform in August. This separate trader opened a $51.10 million XRP long at an entry level of $1.0685 starting on August 19, and increased the holding with an additional $23.89 million at an average entry of $1.2533.

The Grade S wallet currently maintains three open trades, including a $997,500 position in DOGE at 10x leverage, entered at $0.082613, and a $1.95 million short in ZEC at 10x leverage, which has moved 17.75% against the trader.