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
$1.0022
-0.06%
$1.0022
-0.06%
(24s)24h Volume
$239,850,818.98
24h H/L
$1.0068 / $0.9972
Change: $0.009600 (0.96%)
Long/Short
78.5%
Long: 78.5%Short: 21.5%
Funding Rate
+0.0018%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(09:34 AM UTC)
1 min read
The 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…
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