Whale Deposits 630K USDC to HyperLiquid and Opens 10x Short on 2.9M XRP

News Editor

2026-06-27 08:01:26

According to Onchain Lens monitoring, a newly created wallet address deposited 630,000 USDC into HyperLiquid and simultaneously opened a 10x leveraged short position on 2.9 million XRP. This large-scale shorting action may exert short-term downward pressure on XRP price, with market participants closely watching subsequent movements.

Whale Activity

On-chain analytics firm Onchain Lens reported today (June 27, 2026) that a newly created wallet address deposited 630,000 USDC into the derivatives trading platform HyperLiquid and concurrently opened a 10x leveraged short position on 2.9 million XRP. The move indicates the address anticipates a decline in XRP price, and the scale of capital deployed is substantial, potentially influencing market sentiment and short-term price action. Specific entry price and liquidation levels for the short position have not been disclosed, and investors are advised to monitor subsequent position changes and potential market volatility closely.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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