thecryptobasic.com 
A large crypto trader known as Auros has captured the attention of the $XRP community after opening a sizable leveraged long position in the token.
The position, valued at $7.73 million, is already in significant profit. Despite these gains, the trader remains confident.
Key Points
- A major trader, Auros, holds a $7.73 million long position in $XRP.
- The trader entered the position at around $1.39 and has already realized gains exceeding $618,000.
- The transaction suggests roughly 2x leverage, avoiding an overleveraged position.
- $XRP trades at $1.53, with total liquidations reaching $12.79 million over the past 24 hours.
Trader with Massive $XRP Long Bets Faces $618,000 in Unrealized Profit
The $XRP position held by the pseudonymous trader Auros continues to draw interest across the community, not only for its size but also for its structured approach. The trader opened the trade at $1.39, and the position has already generated over $618,000 in unrealized profit.
Notably, the trade has no defined liquidation price, highlighting relatively low leverage exposure. With a total account value of $15.93 million and a notional position size of $7.73 million, it suggests the trader may be using roughly 2x leverage, avoiding an overleveraged position.
“Smart Money Don’t Panic”
The move has sparked discussion among $XRP proponents. A community figure, Xaif, described the strategy as a “smart money” approach, in which traders enter at favorable levels and let trades develop without reacting emotionally to short-term volatility.
Moreover, the lack of a visible liquidation level suggests the trader managed the position conservatively. This reduces the risk of forced liquidation during market swings and may further reflect confidence in $XRP’s upside potential.
$XRP Revisits $1.5 as Liquidation Tops $12.79M
Meanwhile, this development aligns with a recent rebound in $XRP’s recent price rebound. After facing sustained pressure, the token recovered and climbed to $1.60 earlier today before retracing to $1.53.
Despite the slight pullback, short traders were dealt a heavy blow, accounting for $9.06 million of the $12.79 million in leveraged liquidations recorded over the past 24 hours.
Nonetheless, analysts still expect the uptrend to continue, potentially driven by increasing adoption. This momentum is evident as the $XRP Ledger reaches a 13-year high of 7.7 million non-empty wallets.
Moreover, active addresses have surged to a five-week high of 46,767, further signaling rising user participation and strengthening network activity.
