On Hyperliquid, a critical situation has been recorded in the portfolio of '0xc30...ba4c9', one of the platform's largest players, according to whale tracker by CoinGlass. The trader's short position on XRP, worth nearly $4 million, faces full liquidation if the token's price rises to $1.69.
The whale currently holds four short positions: BTC, ETH, XRP, and TAO, with total leverage of 7.10x. While the Bitcoin, Ethereum, and TAO positions are in profit, generating a combined unrealized gain of about $13,000, the XRP short incurs a loss of –$29,050, or –5.10%, erasing those gains.
The entry price for the XRP short is $1.42, very close to the current trading price. However, the whale's leverage creates a precarious margin situation. The safety cushion before liquidation is just over 17%, with the position size at $3.99 million, representing 2.78 million XRP. Free margin is only $10,590, or 1.18% of total capital, leaving almost no room for defensive maneuvers.
The XRP short accounts for over 60% of the total value of all positions, making it the decisive factor for the entire account's survival. The situation is worsened by negative performance recently, with a 7-day PnL of –$289,980 and a 30-day PnL of –$263,890. The account holder has lost a significant portion of funds over the past month, and the liquidation price at $1.69 is nearly exhausted.
