Whale Holds $53.11M XRP Long Position for 46 Days with $13M+ Profit

An unknown whale has held an XRP long position worth $53.11 million for 46 days, with the trade now showing more than $13 million in unrealized profit.

The whale opened the position on Aug. 19 at 4 PM UTC with $1.07 million in capital, using 20x leverage to give the position a notional value of $21.40 million. This was during XRP's August recovery, after the asset had faced steady selling pressure from late July through mid-August.

On Aug. 20, the whale added to the trade, putting in another $556.9K at 20x leverage, increasing the position to 30 million XRP, worth $32.37 million at the time. The investor then made another major addition on Aug. 22, putting in $3.92 million in capital while using lower 2x leverage.

At XRP's current price of $1.516, the 35 million XRP position has a notional value of $53.11 million. Based on the original position value of $39.5 million, the whale now has an unrealized profit of around $13.5 million.