A leading trader identified as a Grade S whale on Hyperliquid, a decentralized derivatives trading platform, has increased their XRP long position by $933,000, according to data shared by crypto commentator Xaif (@Xaif_Crypto) on September 15.
Major XRP position and trading record
The Grade S trader now holds a total of $1.04 million in XRP at 20x leverage, with an entry price of $1.4002. As of the latest mark price of $1.4015, the position reflects a gain of 0.09%. The margin placed for this position stands at $52,200.
This wallet ranks 172nd by performance on Hyperliquid and boasts a 99.1% win rate. The associated account manages $5.08 million, with a realized profit and loss (PnL) of $411,900 over the past 30 days. The trader’s Sharpe ratio, a key measure of risk-adjusted return, is reported at 4.44. Additionally, the trader has posted profits on all 16 of the last 16 trading days, indicating exceptional consistency.
The Grade S wallet maintains a 99.1% win rate and has achieved profits on every trading day in the last month, highlighting a remarkable level of consistency and risk management.
Mini dictionary: Hyperliquid, a decentralized crypto derivatives exchange that enables high-leverage trading of digital assets directly from user-owned wallets, ranking traders according to their historical performance.
Comparison with recent whale activity
This move comes after another whale established a large position in XRP on the same platform. In August, a separate trader opened a $51.10 million XRP long at an entry level of $1.0685 starting on August 19. On August 22, the same entity increased the holding with an additional $23.89 million at an average entry of $1.2533. This sizable position resulted in $11.51 million in open profit at the time, while the wallet’s total account value reached $70.24 million, reflecting a strong long bias in its portfolio.
During the same period, market sentiment among top XRP traders on Hyperliquid leaned bearish. At the end of August, 16 out of the platform’s top 20 XRP traders held short positions, primarily between $1.22 and $1.52 with 20x leverage. Several of these short positions faced notable unrealized losses as market conditions shifted.
| Trader | Position Type | Entry Price | Position Size | Leverage | Account Value | Win Rate |
|---|---|---|---|---|---|---|
| Grade S Wallet | Long | $1.4002 | $1.04M | 20x | $5.08M | 99.1% |
| August Whale | Long | $1.0685 / $1.2533 | $51.10M / $23.89M | 20x | $70.24M | 100% |
Current open positions
In addition to the active XRP long, the Grade S wallet currently maintains three open trades. These include a $997,500 position in DOGE at 10x leverage, entered at $0.082613 and marked at $0.082717. The second trade is the $1.04 million position in XRP at 20x, while the third is a $1.95 million short in ZEC at 10x leverage, entered at $972.0296 and currently marked at $1,144.56. The ZEC trade has moved 17.75% against the trader. Collectively, these open positions have generated an unrealized loss of $291,100, with the majority due to the adverse move in ZEC.
The position management and overall profitability suggest the Grade S whale continues to employ high-risk, high-reward tactics, using substantial leverage across various assets while closely monitoring market opportunities.
Xaif described the Grade S whale’s performance by stating that this trader “doesn’t miss,” reflecting the wallet’s impressive track record and high win rate across recent trades on Hyperliquid.
