XRP Whale Unleashes $51M Long Position with $11.5M Open Profit

A large XRP position has been building in a Hyperliquid wallet, making it one of the platform's largest long positions. The wallet holds $51.10 million worth of XRP with $11.51 million in open profit.

The trader opened the position on August 19 at an entry price of $1.0685 and added $23.89 million more on August 22 at an average entry of $1.2533, using 10x leverage and a $5.11 million margin.

This is not a passive hold; the trader has been actively building the position in stages, scaling in across multiple sessions as XRP moved higher. The liquidation price sits at $0.935673, giving the position significant room before any forced exit.