Why Hyperliquid Whale Closed Long Trades in XRP and Ethereum
According to a recent market report, a well-known whale just sold off enormous long holdings in XRP ($2.22) and Ethereum ($1,845). This occurred soon after the market for digital assets saw a significant decline. The choice to sell these positions produced a total profit of about $7.5 million, according to blockchain tracking website Lookonchain.
Whale Secures $7.5 Million XRP and Ethereum Profit
The action followed the whale’s audacious long holdings on ETH and XRP, according to the tracking platform. The trader was able to sit on more than $10 million in unrealized gains at one point because the Ethereum long was opened early in the recent run.
Similarly, eight hours before XRP began to climb, an aggressive 2x long was opened. The position had an unrealized profit of almost $261,000 and was valued at almost $12 million.
However, as market conditions changed, both trades were immediately closed. According to Lookonchain, the whale decided to sell these holdings and collect almost $7.5 million in realized gains. The whale made the decision to stop trading after the cryptocurrency market experienced a sharp decline.
This action demonstrates how careful and responsive major firms are to changes in the market. Both Ethereum and XRP have performed well since May 2025. Ethereum recently overtook Alibaba, Hermès, and Coca-Cola in terms of market valuation.
Similarly, Coinspeaker previously reported that XRP is regaining its prominence after a whale moved $782 million worth of the cryptocurrency, pushing it above $2.60.
But instead of risking a decline, the whale secured profits due to the change in the market’s trajectory.
Maintaining a Significant Long Position
The whale has decided to keep a long position on Solana (SOL) even if the trades in ETH and XRP have been closed. Even though it is now losing roughly $560,000, the deal is worth $15.4 million.
This implies that despite volatility, the whale is still prepared to hold onto specific positions, perhaps as a result of faith in SOL’s long-term success. Additionally, it demonstrates a change in risk appetite, with selective exposure as opposed to broad exposure to a variety of assets.
XRP recently made news following a brief breakout, momentarily entering the top three cryptocurrencies by market capitalization. Before losing steam, that surge seemed to separate from the overall market.
In the meantime, outside events, such as a recent trade agreement between the US and China, have affected market sentiment generally. Traditional markets have risen as a result of that agreement, while alternative assets like gold and Bitcoin are currently being impacted.
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Best Wallet ($BEST) is gaining traction while whales are making large investments in well-known cryptocurrencies. With its planned token airdrop finishing on May 15, the project has generated $12 million through its ongoing presale.
Why You Should Consider Best Wallet Presale
A non-custodial wallet with excellent initial evaluations is called Best Wallet. It caters to merchants seeking flexibility because it enables various wallets and chains. The 124% APY that its token $BEST is intended to provide for staking may vary depending on usage.
Pre-sale figures:
Raise total to date: $12,183,106.23
Price as of right now: $0.025015
Staked in total: 219703447 BEST
Rewards as of right now: 101.21 tokens every Ethereum block
BEST has the most potential to unlock, but well-known coins like XRP and Ethereum may have reached the limit of their short-term potential. Through the project’s website, investors who want to learn more about Best Wallet can still sign up for the presale with a card or cryptocurrency.
Best Wallet’s reputation was recently enhanced when Messari listed it as one of the best noncustodial wallets.
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