Significant trading activity has been flagged involving crypto trader @qwatio, who has initiated substantial short positions on XRP and Solana (SOL). The positions, valued at $17.07 million, include shorts of 3,333,333 XRP and 44,444.44 SOL, opened at entry prices of $2.93 and $164.18, respectively.
This activity contributes to @qwatio’s total open short positions exceeding $221 million across four positions, currently showing approximately $5.95 million in unrealized profit.
The large-scale trades were identified and analyzed by respected blockchain analyst AI Aunt, who provided the detailed breakdown of the positions. Such substantial short positions have the potential to increase market volatility for both XRP and SOL.
Monitoring large-scale trading activities like these is noted as critical for understanding potential market dynamics and investor sentiment.