A significant crypto whale invested over $10 million USDC in leveraged long positions focused on XRP, SOL, and BONK using the HyperLiquid derivatives platform.
The activity, utilizing 11.37 million USDC to establish the bullish bets, triggered noticeable but limited immediate price reactions across the targeted assets.
XRP experienced a modest price increase of 0.27% following the move, while Solana’s SOL and the meme coin Bonk Inu witnessed marginal declines.
Neither official representatives from Ripple (XRP), Solana, nor Bonk Inu have publicly commented on the large market position.
No immediate regulatory interventions concerning these specific trades have been reported.
Past market behavior indicates substantial whale positioning, like this instance, can often sway short-term sentiment and price action for affected tokens, influencing investor attention.