1,500% Unrealized Profit: Why Hyperliquid’s Top XRP Shorter Isn’t Exiting Yet

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1,500% Unrealized Profit: Why Hyperliquid’s Top <a href="https://bbg-news.com/xrp-usd/">XRP</a> Shorter Isn’t Exiting Yet

Data from CoinGlass shows that high-performing traders on Hyperliquid – those with profits over $1 million – have been particularly active. Specifically, two traders have combined their short positions in XRP, totaling over $5.4 million. This suggests they share a negative outlook on XRP, despite potentially managing their risk in different ways.

By looking at the blockchain data, we can understand the reasons behind recent trading activity. Currently, two main viewpoints are becoming clear among users of the platform.

  • “Sniper” endurance (address 0x555…d43b): This player opened a short near the peak, around $2.43. Using aggressive 20x leverage, the trader turned their deposit into a $1.21 million position, which has now generated an enormous 1557% return. With liquidation at $5.44, this whale can ignore any local price rebounds, acting as an anchor for bearish sentiment.
  • Heavy pressure (address 0xc30…a4c9): Here, the focus is on volume. A $4.21 million position was opened at $1.419. The trader operates more conservatively with 8x leverage, but it is this size that creates real resistance on the chart. At present, the position is in profit by $155,000 (+29%), and the critical level for this player is $1.61, where a cascade of liquidations could begin.

Hyperliquid whales signal a $1.29 billion market-wide hedge

XRP’s current performance mirrors a trend among Hyperliquid’s biggest traders. They’re heavily betting against the market, with $1.29 billion in short positions (bets that the price will fall) compared to just $910 million in long positions (bets that the price will rise).

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XRP remains a popular asset on Hyperliquid, ranking among the top 10 with $38.79 million in open interest. Traders are currently leaning towards short positions ($23.07 million) rather than long positions ($15.72 million), potentially suggesting they’re either protecting their investments or anticipating a price decrease after the recent gains in early 2024.

Even with significant bets against it, XRP isn’t showing signs of an immediate price surge that would force short-sellers to quickly cover their positions. This lets those betting against XRP keep their positions open without worrying about small price increases triggering unexpected losses.

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2026-04-30 19:55