Trader Opens 20x XRP Short With 1,795,706 XRP, Position Sits in Profit

The address, 0xdd6a…c065, showed an account balance of about $3.94 million at the time of the snapshot.

Most of that balance sat in $USDT, with 3.81 million $USDT worth approximately $3.81 million, alongside 181,317 ASTER valued near $129,593.

The trader is using 20x leverage on the short positions.

$XRP Short Reaches $2.52M

The $XRP trade is the clearest large position shown on the account.

The trader is short 1,795,706 $XRP with an entry price of $1.4384. At the time of the screenshot, the position carried a value of approximately $2.52 million.

The trade was showing an unrealized profit of $62,311.50, with the platform displaying an ROE of +49.44%.

The important figure for this $XRP short trade is the 1.8 million-token short position near $1.4384. As long as $XRP remains below that entry, the trade retains an unrealized gain.

A move back above the entry price would begin eroding that advantage, while a stronger rally would increase pressure on the leveraged position.

One Account Is Betting Against Several Major Assets

The same account also holds a 75,000 $SOL short, again at 20x leverage.

Its entry price is shown at $117.4716, while the position value stood near $8.65 million. Unrealized profit reached approximately $165,212, with an ROE of +38.22%.

The trader has also opened leveraged shorts in $BTC, $ETH, and $DOGE.

The account is also short 18.633 $BTC worth about $1.54 million, 3,596.87 $ETH worth $9.24 million, and 47.84 million $DOGE worth $4.19 million, all using 20x leverage.

At the time of the snapshot, the $BTC short was showing an unrealized profit of $4,600.76 with a +5.96% ROE, while the $ETH short carried an unrealized profit of $163,952.59 with a +35.48% ROE.

The $DOGE position remained the strongest performer, showing about $233,461.60 in unrealized profit and a +111.55% ROE.