This whale will be liquidated

According to PANews, a prominent on-chain analyst, Ai Yi, has reported that a significant market player, referred to as an 'insider whale,' has initiated high-leverage short positions on XRP and SOL. The positions involve 20x leverage, with 3,333,333 XRP and 44,444.44 SOL being shorted. The total value of these positions is approximately $17.07 million, with opening prices set at $2.93 for XRP and $164.18 for SOL. Currently, the combined value of these short positions exceeds $221 million, yielding an unrealized profit of $6.01 million.