A total of $5.84 million USDC was deposited on Hyperliquid, a dispersed derivative exchange earlier today, according to data provided by Onchain Lens.
The deposit was used to open a long position in ripple-linked cryptocurrency with double leverage.
In particular, the same trader previously had long run at Ethereum (ETH) with double leverage, securing a floating profit of $10 million. Major Altcoin has grown by almost 40% over the past week.
According to Coingecko data, XRP has changed hands at $2.39, down 0.8% over the past 24 hours.
The cryptocurrency market is currently in standby mode in trade negotiations between the US and China.