On-chain analytics platform Hypurrscan reports on significant trades made by an unknown cryptocurrency whale who deposited $11.37 million into Hyperliquid.
Data on Whale Transactions
The cryptocurrency whale deposited $11.37 million on decentralized derivatives platform Hyperliquid. This event has attracted the attention of analysts in the market.
Open Positions in XRP and Solana
The position opened on XRP was recorded at $12.03 million. The trade opened at $3.17 for approximately 3.77 million XRP. The position for Solana was $10.68 million, opened at $188.2 for approximately 56,869 SOL. However, during the transaction, the price slightly retreated to $187.87.
Risks and Liquidation of Positions
The XRP position was executed with 2x isolated leverage, with a liquidation price set at $1.63, which poses a risk of liquidation if the price drops significantly. The liquidation price for the SOL position is set at $96.50.
The whale's trades highlight market activity, yet the risk for investors remains high, especially when using leveraged positions.
