A well-known trader on the Hyperliquid platform, known as @qwatio, just suffered another crushing blow. After aggressively shorting XRP and other cryptocurrencies with extreme leverage, he was partially liquidated — losing over $650,000. 🚨
🔹 High-Risk Short Positions
The whale placed heavy bets against the market with the following leverage:
BTC at 40× leverage
ETH at 25× leverage
SOL and XRP at 20× leverage
The biggest loss came from XRP, which soared past the whale's entry point of $2.894. The total position was valued at around $18.6 million.
📉 Solana Didn’t Help Either
His short on Solana also turned against him, leading to additional heavy losses as the token surged.
💀 A Never-Ending Liquidation Streak
@qwatio is no stranger to disaster:
🔹 In June, he was liquidated six times in just three days, losing $10 million.
🔹 In July, he racked up over $25 million in losses after massive short positions worth $334 million were wiped out.
🔹 His account balance plunged from $16.3 million to just $67,000.
💸 Insider Move or Just Bad Luck?
Back in March, @qwatio made headlines by opening wild 50× long positions on BTC and ETH — just before depositing millions in USDC into Hyperliquid. Coincidentally, this happened right before the announcement of the tokens allegedly included in the U.S. Strategic Crypto Reserve.
Speculation is growing that this may not have been just bad timing — some suspect insider trading.
#cryptotrading , #CryptoInvesting , #CryptoWhale , #xrp , #USDC
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