According to data provided by Onchain Lens, trader @qwatio got liquidated on his 20x XRP short position.
As reported by U.Today, the position with a notional value of $17.6 million was opened on Monday after taking a $3.4 million loss with his XRP and Bitcoin positions.
According to CoinGecko, XRP has reached an intraday high of $2.91, which was the trader’s liquidation price.
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After initially depositing $4.2 million to the HyperLiquid trading platform, the trader is left with only $653,000 following three consecutive days of unsuccessful trades.
$7.6 million worth of liquidations
CoinGlass data shows that roughly $7.6 million worth of XRP has been liquidated over the past 24 hours, with long positions accounting for the lion’s share of this sum (64%).
Hyperliquid makes up more than 50% of all liquidations, according to the most recent data.
Source: https://u.today/xrp-bear-liquidated-after-massive-20x-short