Wintermute, a market maker, held approximately $190.77 million in short positions on Aug. 24, according to blockchain analytics account Onchain Lens.
The $10.19 million XRP short position represented roughly 0.28% of the $3.61 billion in XRP open interest at the time.
XRP had gained around 47% over seven days amid elevated derivatives leverage and Treasury buybacks, trading near $1.47 on Aug. 24.
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