1,500% Unrealized Profit: Why Hyperliquid's Top XRP Shorter Isn't Exiting Yet
Analysis
Price Impact
HighMultiple large short positions on hyperliquid, totaling over $5.4 million, indicate significant bearish sentiment from major players. one position is already up 1557% and another substantial one is also in profit, suggesting potential for increased selling pressure if these traders decide to close their positions or if the market follows their lead.
Trustworthiness
MedPrice Direction
BearishThe presence of substantial, profitable short positions, combined with overall higher open interest in shorts compared to longs on hyperliquid for xrp, strongly suggests a bearish outlook from influential traders. this could lead to further price depreciation.
Time Effect
ShortThe analysis focuses on current, active positions with large unrealized profits. if these traders decide to take profits or if market conditions shift, the impact could be realized relatively quickly. the mention of 'local price rebounds' also suggests a shorter-term focus for the described strategies.
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Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Notable activity has been recorded among Hyperliquid's "money printers", those with PnL above $1 million, according to CoinGlass . Two traders have consolidated short positions in XRP totaling more than $5.4 million, demonstrating different approaches to risk management but a unified view on the coin's outlook. Advertisement Advertisement On-chain data provides insight into the logic behind these trades, and at the moment, two polar positions stand out on 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 The situation with XRP reflects broader sentiment among the largest wallets on Hyperliquid . Currently, total short positions in the "Money Printer" category stand at $1.29 billion, significantly exceeding long positions at $910 million. HOT Stories X Users Really Hate Crypto XRP Surges 63% in Daily ETF Inflows as Crowd Turns Dangerously Greedy; $5.5 Million Lost in Fresh Ethereum DeFi Hack; $95,200 Bitcoin Is Prime Scenario for 2026: Bollinger Bands - Morning Crypto Report Hyperliquid Wallet Position Distribution in Real-time in category "Money Printer", Source: CoinGlass XRP firmly holds a place in the top 10 assets by open interest on the platform at $38.79 million among the most successful traders on Hyperliquid, with a clear bias toward shorts - $15.72 million in longs versus $23.07 million in shorts - which may indicate either risk hedging or a direct institutional bet on a correction after the spring rally of 2026. Advertisement You Might Also Like Thu, 04/30/2026 - 16:00 XRP-Friendly US Crypto Exchange Gemini Secures Key CFTC License By Gamza Khanzadaev Despite the presence of multi-million dollar shorts, XRP does not appear overheated in terms of immediate squeeze risk, which allows bears to maintain their positions without fear of sudden forced closures on minor price fluctuations. #XRP #Hyperliquid #XRP News #Ripple News