XRP price rally meets $10M Wintermute-linked short

A cryptocurrency wallet attributed to market maker Wintermute carried approximately $190.77 million in short positions on Hyperliquid on Aug. 24, according to a snapshot published by blockchain analytics account Onchain Lens. Summary Wallet data showed $190.77 million in shorts across Hyperliquid when Onchain Lens captured its snapshot. Ethereum led the reported short book at $53.02 million, followed by Bitcoin and Solana positions. The XRP short totaled $10.19 million, representing roughly 0.28% of reported XRP open interest market. XRP traded near $1.47 after gaining approximately 47% over seven days amid elevated derivatives leverage. Wallet attribution comes from third-party labels, while Wintermute has not publicly confirmed these positions directly. The reported exposure included a $10.19 million XRP short, making XRP the fifth-largest bearish position in the account at the time. The wallet’s overall short exposure had increased by approximately $44.58 million from an earlier $146.19 million snapshot. The positions are verifiable through public derivatives data, but their attribution to Wintermute relies on third-party wallet labels and transaction analysis. Wintermute has no...