Hyperliquid Whale Adds $1.36M XRP Long Position Despite Losses, 99% Win Rate

XRP fell 9.81% in one day on July 15 following the U.S. Senate's failure to advance the Clarity Act, with prices dropping below $1.30 at one point—the steepest drop in seven months. Despite this, a large investor on Hyperliquid added a $1.36 million long position in XRP, bringing their total exposure to that level.

The account, identified by address 0xa…566, initially opened a long position at around $1.38 after a brief rebound, then added $111,000 within an hour. After prices rose to $1.45, they closed part of the position for a $6,000 profit. However, as selling pressure mounted following the Senate vote, they expanded their long position by adding $557,000 at $1.2946 and another $800,000 at $1.2948, totaling $1.36 million.

The current position is in a loss zone as XRP has dropped to around $1.27, with an estimated 26.46% loss on a 20x leveraged position—about $18,000. The liquidation price stands at $0.34, meaning prices must fall another 73% before forced liquidation.

The account has maintained a 99.3% win rate across 111 trades since starting on August 27, with no liquidations and $495,000 in cumulative profits. The Sharpe ratio is 4.33, and 75% of positions have been long.

The move highlights how some leveraged investors view sharp price drops as buying opportunities amid regulatory uncertainty. However, the high win rate does not guarantee future success, especially with 20x leverage where losses can escalate quickly if prices move against expectations.