XRP Whale on Hyperliquid Puts $7.6 Million Long Against $100 Million Short Wall On October 9, 2021, an Ripple XRP whale on the Hyperliquid cryptocurrency exchange put $7.6 million (about 200,000 XRP) on a long position against a $100 million short position. This is a significant move, as it represents approximately 3.8% of the total circulating supply of XRP, making it one of the largest block trades in the history of the XRP market. The long side of the trade is being taken by a whale or group of whales who are expected to continue to accumulate XRP in anticipation of the upcoming Ripple XRP-USD futures market launch on October 18, 2021. This is a significant development as it could potentially increase the price of XRP and also provide liquidity for the futures market. The short side of the trade is being taken by a group of traders who are expected to cover their positions in the near future. This could lead to a significant increase in the price of XRP, as the market reacts to the large short position. The implications of this trade are significant, as it could potentially increase the price of XRP and provide liquidity for the futures market. However, it also increases the risk for the short sellers, as they will have to cover their positions and potentially lose money if the price of XRP continues to rise. Overall, this trade is a significant development in the XRP market, and it could have a significant impact on the price of XRP.