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Braking: Whales close short positions $XRP after Trump's executive order
So here are the latest dramas in the crypto world! After Trump's executive order, a big whale is hastily offloading their XRP position. They are not sitting idle - they have added 8 million USDC to the reserve to avoid liquidation. But here's the catch - despite the whale's efforts, their leveraged 20x XRP sell position is still deep in the red, with a loss of over 4.6 million USD.
What's going on here?
Be careful out there, traders! This whale's fight to avoid liquidation is a reminder that even big players can face big risks in volatile markets.