Community Articles
via CoinDesk · By CoinDesk Staff
A crypto whale has made a $224,000 bet that XRP's price stays perfectly flat through June
XRP
XRP/USDT
$1.0973
+0.53%
$1.0973
+0.53%
(24s)24h Volume
$327,116,540.42
24h H/L
$1.108 / $1.0905
Change: $0.0175 (1.60%)
Long/Short
76.2%
Long: 76.2%Short: 23.8%
Funding Rate
+0.0027%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(09:34 AM UTC)
1 min read
1460 views
0 commentsThe trader collected about $224,500 in premiums and will keep the full amount if XRP remains close to $1.40.
A massive XRP derivatives play is betting that its price goes nowhere until the end of June, even as macro headwinds and regulatory developments suggest a volatility boom.
The move hit the tape on crypto exchange Deribit as a single-block trade, meaning it was a large transaction executed…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on GoogleComments
Comments