Whale Holds $52.68 Million XRP Long for 46 Days Unrealized Profit Tops $13 Million

A Hyperliquid wallet has maintained a massive leveraged XRP position for 46 days straight, with no signs of closing. The trader has accumulated an unrealized profit of $13.10 million, fueling speculation that someone may have insider knowledge about XRP's future movements.

The wallet holds a $52.68 million XRP long position, with a total margin of $5.27 million. The mark price stands at $1.5038, up 33.10% from the average entry price of $1.1298. The liquidation price is set at $0.953087. The trader initially opened the long on August 19 at an entry price of $1.0685, then added $24.63 million more three days later at an average entry of $1.2533. The wallet has executed 603 transactions, with 602 being additions to this single trade.

Over a 24-hour period, the wallet generated over $508,000 in period P&L, a 0.7% gain. The Sharpe ratio sits at 4.38, indicating a strong risk-adjusted return. The wallet has a 100% long bias, with no hedging activity recorded. The trader also holds an additional $20.13 million in XRP spot, bringing the total account value to $72.81 million.

The position has withstood significant price volatility, and the trader shows no intention of exiting despite the substantial profits. Every gain in the account traces back to this one XRP long, with no realized P&L indicating no net deposits or withdrawals.