Whale’s Woes: $35M XRP Plunge Leaves Financier in a Briny Bind

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Ah, the exquisite agony of the financial tightrope! Behold the saga of the enigmatic “0x9ee,” a leviathan of the crypto seas, whose recent escapades have left even the most jaded observers tittering with schadenfreude. This whale, known in certain salons as the “Anti-CZ” (a moniker as pretentious as it is inaccurate), has narrowly escaped the harpoon of liquidation, though not without a few choice gashes to its fiscal blubber.

Once basking in the glow of a $61 million unrealized profit, our protagonist now finds itself submerged in a sea of red, with a negative $13.46 million staring back like a mocking reflection in a still pond. The irony? This is the same creature that dared to short ASTER with a 3x leverage, mere moments after the Binance übermensch’s benediction. Oh, the hubris of it all!

Let us dissect the carcass of this financial folly. The ETH long, a behemoth of $34 million, now lies gasping for air as 12,523 ETH, purchased at the princely sum of $3,190.28, has shriveled to a mere $2,723.5. Liquidation looms at $2,632, a precipice closer than a lover’s whisper. The loss? A modest $5.84 million, with funding fees siphoning off another $3.33 million. A trifle, surely, for one of such stature.

And then, the XRP position-14.8 million tokens, acquired at $2.29, now wallowing at $1.7441. The liquidation zone, a mere $1.666487, beckons like a siren’s call. Unrealized losses of $8.13 million, funding costs gnawing away another $1.51 million. One can almost hear the faint hum of the whale’s distress signal, a Morse code of despair.

The Price of Hubris: A Trigger Pulled

Both positions, having plummeted past the -250% unrealized PnL mark, have devoured margins with the voracity of a starving predator. The account, once a fortress of $2.4 million, now stands naked, its free collateral a laughable $0. The ROE, a staggering -287.87%, and a leverage ratio of 24.58x-a financial time bomb ticking with the precision of a Swiss watch.

To add insult to injury, XRP’s price took a nosedive from $1.88 to $1.72 in a matter of hours, a plunge as graceful as a hippo’s ballet. Liquidation levels loom, and the market, ever the cruel mistress, seems intent on delivering the coup de grâce.

With the crypto market still in its risk-off sulk, our whale faces a choice as ancient as the seas themselves: double down, or fold before the waves of fate crash upon its shores. Will it swim, or will it sink? Only time-and the merciless whims of the market-will tell.

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2026-01-30 13:15