According to data from on-chain analytics platform Hypurrscan, the unnamed cryptocurrency whale made a prominent trading move by depositing 11.37 million USDC on the high lipids of the decentralized derivatives platform.
The whales have opened long positions leveraged on these assets, particularly in the XRP and Solana (SOL) pairs.
However, please be reminded that already high-risk leveraged transactions can lead to huge losses when combined with high-risk cryptocurrencies.
The size of the position opened to the XRP side was recorded as $12.03 million. The deal opened for $3.17 at around XRP 3.77 million. The settlement price for the position was set at $1.63. This means that if prices drop significantly, the whale’s location can be settled. The transaction was run with twice as isolated leverage.
The position opened at Sol is $10.68 million. The position opened for $188.2 with around SOL of 56,869. However, prices fell slightly during the trading, dropping to $187.87. The liquidation price for the SOL position is $96.50.
*This is not investment advice.
