Crypto whale opens $325M long positions in BTC, ETH, XRP, and SOL
Crypto Briefing
A crypto whale initiated $325 million in long positions across BTC, ETH, XRP, and SOL, with BTC and ETH dominating the investment.Summary
A crypto trader, previously known for shorting major cryptocurrencies, has opened substantial long positions totaling $325 million across Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL). The positions are heavily weighted towards BTC, valued at $113 million (1,247 BTC), and ETH, valued at $112 million (36,249 ETH). The remaining allocations include $70 million in SOL and $30 million in XRP. At the time of reporting, the trader's unrealized profits were reported to exceed $300,000. This move occurred while Bitcoin was trading flat above $90,000 and Ether was rangebound near $3,100, though Solana and XRP had recently seen gains of approximately 7% and 10%, respectively.
(Source：Crypto Briefing)