A mysterious whale suffered a $4.12 million XRP liquidation on Hyperliquid after the price briefly dipped below $3.18, triggering partial liquidation of their leveraged position. Remarkably, the whale retained 593 million XRP valued near $19 million on a 20x cross margin, with an entry price of $3.21291 and current liquidation threshold at $3.108. Transaction history reveals the entity rapidly increased exposure by 1.4 million XRP during the dip, absorbing over $100,000 in losses plus $29,000 fees.
Simultaneously, XRP markets witnessed abnormal liquidation imbalances totaling $803,388.84 within one hour, with longs accounting for 366,941% more liquidations ($803,170) than shorts ($218.84). This occurred as XRP surged 2.56% to $3.26, accompanied by a 62.7% daily volume spike to $6.6 billion. Whale activity intensified with a separate $16.62 million position opened at $3.20 and analyst Ali Martinez reporting 130 million XRP accumulated by whales during dips.
The original whale's position remains critically exposed as XRP's volatility persists. Despite hourly long liquidations exceeding $45.8 million across markets ($4M from XRP longs), the asset maintained upward momentum amid transfers like a $53.4 million XRP deposit to Coinbase.