This trader made over $9 million betting on XRP and other tokens after April’s dip
The post This trader made over $9 million betting on XRP and other tokens after April’s dip appeared on BitcoinEthereumNews.com.
One trader made significant profits on Hyperliquid by betting on the price of cryptocurrencies after the dip in early April. Smart money on-chain tracker Lookonchain has spotlighted the whale, identified as 0x15b325660. According to Lookonchain, the trader opened long positions on Ethereum, Solana, Bitcoin, Litecoin, XRP, LINK, AVAX, HYPE, and ENS, using between 25x and 3x leverage at a time when the tokens were significantly down due to retaliatory tariffs announced by President Donald Trump. The bet has now earned the trader more than $9 million in unrealized profits from the trades. With the trader committing millions to the position across nine tokens, the massive profits match the size of the initial investments. Trader long positions on Hyperliquid yield significant gains (Source: Hyperliquid) Most of the profits come from the 50,000 SOL long when the token dropped to $107. With the token now worth over $150, the trader has almost $2 million in unrealized gains. A similar position with 5,000 ETH long when Ether was trading at $1,515.80 has yielded $1.5 million, while the Bitcoin long trade with 70.82 BTC has led to $1.27 million in profits. All other long positions have also generated profits, varying from over $870,000 for HYPE to around $180,000 for AVAX. Interestingly, the whale did not just make profits on the perps positions; they also bought 309 BTC for $24.68 million when it was trading at $79,792 and now have $5 million in unrealized profits. Trump’s walk-back on tariffs triggered a massive rise in crypto prices Meanwhile, the massive profits highlight the strong conviction of whales during the market uncertainty in April. President Trump’s announcement of tariffs on April 2 and the counter-tariffs it triggered caused a massive decline in the value of most crypto assets, with Bitcoin crashing to $76,000 and Ether dropping as low as $1,400.…
