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An anonymous whale address has kept a long position worth 35 million XRP ($53.11 million) for 46 days and is sitting on about $13.5 million in unrealized profit, The Crypto Basic reported.
The address built an initial long position of about 20.03 million XRP on Aug. 19 at an average entry price of $1.068, using $1.07 million in collateral and 20x leverage. It added about 10 million XRP the next day, then another 5 million XRP on Aug. 22 using 2x leverage, bringing the total position to 35 million XRP. Based on an XRP price of $1.516, the liquidation price stands at $0.9534.