A high-stakes XRP long position on the Hyperliquid decentralized exchange is teetering on the brink of a $30.9 million liquidation. On-chain data shows that an anonymous wallet (0xf79C...9BbD) opened a 27.9 million XRP long with 20x leverage, setting its liquidation trigger at $0.92. With XRP sliding to around $1.10, the trade is already nursing an unrealized loss exceeding $672,000.
The trader is also holding a separate 809.9 BTC long worth $50.6 million at the same 20x leverage. The combined weekly loss stands at –$3,400,520, and the account’s free margin has been wiped out, leaving the positions defenseless unless fresh collateral is added.
Behind the risky bet is a calculated wager on a historical pattern. CryptoRank data reveals that XRP’s average July return over 13 years sits at +10.2% (median +10.8%), with July 2025 delivering a +35% surge. If the median materializes, XRP would rebound to about $1.22, netting the trader roughly $3.32 million – more than covering the current paper loss and generating an estimated $2.65 million in pure profit.
The plan faces an acute time crunch, however. XRP’s sudden one-day $4 billion market value wipeout on June 24 amplified selling pressure, intensifying the debate around the token’s liquidity and long-term price targets like $1,000. Should the sell-off continue and XRP dip to the $0.92 liquidation line before July begins, the entire $30 million position will be forcibly closed, obliterating the deposited margin before a seasonal recovery can materialize.
