A large XRP trader on Hyperliquid is facing a potential $30 million liquidation after opening a highly leveraged long position. According to Onchain Lens, the address "0xf79C...9BbD" holds 27.9 million XRP with 20x leverage, worth $30.9 million, but the liquidation price is set at $0.92. With XRP currently trading around $1.10, the position is already showing an unrealized loss of over $672,000.
Whale's High-Stakes Bet
The trader is not only exposed to XRP but also holds a long Bitcoin position of 809.9 BTC, valued at $50.6 million, also with 20x leverage. The total weekly loss across the portfolio has reached -$3.4 million, and the available free margin on the account is completely depleted. This leaves the whale unable to defend the positions without depositing additional funds.
Historical July Rally as a Lifeline
Despite the critical situation, the trader may be banking on historical data. CryptoRank shows that XRP has declined 17.3% in June 2025, making it one of the worst Junes on record. However, July has historically been a strong month for XRP, with an average return of +10.2% and a median return of +10.8% over the past 13 years. In July 2024, XRP surged 35%.
If the median July growth of 10.8% materializes, XRP could rise to around $1.22, potentially yielding a net profit of $3.32 million for the whale. This would cover the current paper loss and more than double the initial margin. However, time is running out. If XRP drops to $0.92 before July begins, the entire $30 million position will be liquidated, wiping out the margin before any potential rally.