99% Win Rate Whale, XRP 'Reverses Course'... Expands $1.36 Million 20x Long Position

▲ XRP, Whale/AI generated image

A Hyperliquid whale with a 99% win rate expanded its $1.36 million long position despite a sharp drop in XRP.

According to crypto media outlet The Crypto Basic on September 16 (local time), the whale has recorded 110 wins and 1 loss in 111 trades so far, with a win rate of 99.3%. XRP plunged 9.81% in a single day on September 15, its largest single-day drop in seven months, due to the failure of the US cryptocurrency market structure bill to pass the Senate.

The whale had already bet on an XRP rise before the sharp decline. At 10:34 AM UTC on September 15, when XRP was rebounding from $1.38, it opened a long position. Approximately an hour later, it added another $1.11 million. After XRP rose to $1.45 and then began to correct, it closed the position at $1.40, securing a profit of approximately $6,000.

As the market downturn intensified, it re-entered buying. At 8:00 PM UTC on the same day, the whale opened an XRP long position worth $557,000. The entry price was $1.2946. Approximately 30 minutes later, it injected an additional $800,000 at $1.2948. The total position size swelled to $1.36 million.

Losses also increased after the additional purchases. As of the time of aggregation in the article, the loss rate for this position was 26.46%, and the loss amount was approximately $18,000. The leverage is 20x. The liquidation price is set at $0.34. The Crypto Basic reported that this wallet has never been liquidated in 111 trades so far.

The account started trading on August 27 and recorded a total profit of $495,000 in approximately three weeks. The Sharpe ratio is 4.33, and 75% of its overall trade direction is long positions. This trade is also an extension of its existing aggressive strategy of increasing purchase size in a sharply falling market.

[Article Key Summary]

-A Hyperliquid whale with a 99.3% win rate built a $1.36 million 20x long position despite the sharp drop in XRP.

-As of the time of aggregation in the article, the loss rate was 26.46%, the loss amount was approximately $18,000, and the liquidation price was $0.34.

-The wallet recorded 110 wins and 1 loss in 111 trades and made a total profit of $495,000 over approximately three weeks.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*