A single Hyperliquid wallet has quietly built one of the platform’s largest XRP long positions. The wallet holds a $51.10 million XRP long position with $11.51 million in open profit. Crypto commentator Xaif (@Xaif_Crypto) shared the data, noting: “This kind of conviction doesn’t come from luck.”
How the Position Was Built
The trader opened the position on August 19 at an entry price of $1.0685. From that initial long, they added $23.89 million more on August 22 at an average entry of $1.2533. The position now sits at $51.10 million notional, with 10x leverage and a $5.11 million margin.
While XRP has declined slightly after the recent rally of over 50%, the mark price currently reads $1.4587, a +29.11% move from entry. The wallet has executed 602 additions since opening. Total account value stands at $70.24 million, with a Sharpe ratio of 10.66 and a bias of Long 100%.
Told you This isn't your ordinary whale. he Opened XRP long Aug 19 at $1.0685,
then added $23.89M more on Aug 22 at $1.2533 avg total $51M position, 10x lev, +$11.5M P&L in just 8 days. 🤫
This kind of conviction doesn't come from luck. https://t.co/b6PPbKnSgn pic.twitter.com/e8yXHf9OU7
— Xaif Crypto (@Xaif_Crypto) August 27, 2026
What the Position Structure Reveals
This is not a passive hold. The trader built the position in stages, scaling in across multiple sessions as XRP moved higher. That behavior signals active, deliberate accumulation rather than a single speculative bet.
The average entry of $1.2533 across additions shows the trader continued buying into price strength, not retreating from it. The liquidation price sits at $0.935673, giving the position significant room before any forced exit.
The 24-hour Performance
Xaif’s video also shows the wallet’s 24-hour P&L chart running from August 26 through August 27. The chart dipped to approximately -$1 million early on before reversing sharply upward, closing near +$3 million for the period. Period P&L stands at +$2.56 million, up 3.8% versus the prior 24 hours.
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What It Means for XRP
A $51 million long held with 10x leverage at this scale is a high-conviction directional bet. The trader is not hedging; he’s fully long and has been adding throughout the move. That kind of commitment from a wallet managing $70.24 million in assets is notable.
XRP has attracted outsized attention recently. 16 of the top 20 XRP traders on Hyperliquid are currently short. This wallet is a major exception. It is the largest position on the leaderboard. While most large traders sit in unrealized losses on their shorts, this one long position is up +$11.51 million.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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