Mysterious Whale Opens 5,175,112 XRP Long - Liquidation Price is Brutal

Key Points

1. The wallet opened a position worth $16.62 million in XRP at an average price of around $3.20 using 2x isolated leverage.

2. The position includes two leveraged perpetual trades: XRP (with an unrealized profit of $87,227) and SOL (with an unrealized profit of $9,672).

3. The XRP long could be liquidated if the price drops to $1.6402, but the current price is stable around $3.21.

4. The wallet executed three orders at $3.2029, $3.2051, and $3.2061 after earlier large limit orders between $3.44 and $3.45 were unfilled.

5. The trade has sparked market interest due to its size and the anonymity of the wallet.