After US President Donald Trump announced on his social media platform Truth Social that he would establish a US Strategic Cryptocurrency Reserve consisting of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA), a crypto whale was left in a big mess, according to onchain data.
According to onchain data provided by Lookonchain, a crypto whale with a 20x short position on XRP appears to have panicked about closing his position following Donald Trump’s statement.
According to the latest data, the crypto whale added $8 million worth of USDC to his position in order to prevent liquidation.
Currently, the crypto whale’s short XRP position has suffered a loss of $4.6 million.
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When the data is examined, the whale wallet has $16 million in futures and $5 million in the spot market. According to the latest information, the whale has long positions in ETH, SOL, and BTC, while it has short positions in XRP, SUI, DOGE, ADA, and HYPE. You can access all of the whale’s positions here.
*This is not investment advice.
