Crypto Pope loses $ 650.000 for betting against XRP - this is what actually happened!

The price of XRP has just broken the number of $ 3 again - and a big investor gets a very expensive lesson. Based on data from the onchain lens analytic platform, a trader who is known on social media under the name @qwatio made a big bet against XRP using 20X leverage. He also shorts other large cryptos such as Bitcoin with 40x leverage, Ethereum with 25x, and Solana with 20x. But of all that position, the short for XRP is the worst. Token XRP jumped far beyond its entry point at $ 2,894, which made him suffer losses of more than $ 650,000. The total value of the entire short position is around $ 18.6 million. Let's stop for a moment - this is not just a bad trading, this is a very risky step. Using that much leverage in the Crypto Sevolatile Market is like walking on a rope while closing his eyes. And in this case, the rope broke. But this is not the first time a high -risk trading strategy from @qwatio has ended badly. According to Onchain Lens, the same trader suffered a loss of around $ 10 million only in June, where he experienced liquidation six times in three days. Until July, the total loss reached more than $ 25 million, from the Short position which disappeared $ 334 million. At one point earlier this year, his account balance reportedly dropped from $ 16.3 million to only $ 67,000. So why is this story important to discuss? First, this shows the level of risk that is willing to be taken by several Crypto traders, especially on platforms such as Hyperliquid, which allows trading with extreme leverage. Second, this shows that the price increase of XRP recently managed to silence many parties who doubted it-at least for the short term. Don't forget, the XRP trip is not easy. Only a year ago, Ripple - the company behind XRP - was still in fierce legal battle with the US Securities and Exchange Commission (SEC). The case made many big partners like MoneyGram backward, and many investors consider XRP to be too risky to touch. But now, the situation has changed. After the court decided that XRP was not a securities, Ripple began to rise again. Recently, they established a partnership with BNY Mellon, the oldest bank in the US-this was a sign that the institutional trust in XRP began to recover. And with a ripple launching a new stablecoin named Rlusd, which burned a little XRP in every transaction, this network was even stronger, not weakening. So when the price of XRP starts to rise again, a short trader with high leverage like @qwatio is really not ready to face that. Now, let's look at the other side of the drama. Does this mean that the price of XRP will rise to the moon (to the moon)? Maybe not overnight. But in essence, when some traders still treat crypto like casinos, XRP secretly positions itself as a tool with concrete uses in the world, especially in international payments. XRP is fast, cheap, and now legally safer in the US market than before. However, the story of @qwatio is a reminder that the world of crypto is very unpredictable. He initially became famous in March after opening a long position with high leverage on BTC and ETH - and made a lot of money right before the list of strategic reserves Crypto as leaked. At that time, some people were suspicious that there were trades in inside (insider trading), although no one was confirmed. But even though it was profitable, the big loss experienced later showed how fast fate could change when you bet billions of dollars with extreme leverage. #xrp #ripple #xrphariini #xrpledger #xrpanalysis #xrpcommunity #xrparmy