Aster Trader Holds 20x XRP Short Worth About $2.52 Million in Unrealized Profit
The Crypto Basic reported that an Aster address, 0xdd6a…c065, is short 1,795,706 XRP at 20x leverage with an unrealized profit of $62,311.50.
Why it matters
The report describes a single leveraged position on a derivatives venue rather than any market-wide event, and The Crypto Basic rated as the sole source, so its significance for XRP or for market direction is limited. Positions at 20x leverage can be closed out by sharp price moves against the holder.
Key facts
An address identified as 0xdd6a…c065 on Aster is short 1,795,706 XRP at an entry price of $1.4384.
1,795,706 XRPReported by The Crypto Basic
The XRP short carried a notional value of about $2.52 million at the time of the screenshot.
2,520,000 USDReported by The Crypto Basic
The same account holds leveraged shorts on Bitcoin, Ethereum, Solana and Dogecoin alongside the XRP short, and The Crypto Basic reported all five trades in profit.
Reported by The Crypto Basic
The account balance was about $3.94 million, with 3.81 million USDT worth approximately $3.81 million.
3,940,000 USDReported by The Crypto Basic
The account held 181,317 ASTER valued near $129,593.
181,317 ASTERReported by The Crypto Basic
The positions were described as visible on-chain at the time of a snapshot, and the profit figures are as displayed then.
Reported by The Crypto Basic
What happened
The Crypto Basic reported that a trader on the Aster exchange, using the address 0xdd6a…c065, holds a 20x leveraged short of 1,795,706 XRP entered at $1.4384, with a notional value of roughly $2.52 million at the time of the screenshot. The outlet said the same account also holds leveraged shorts on Bitcoin, Ethereum, Solana and Dogecoin, and that all five trades were showing profit. It reported an unrealized profit of $62,311.50 on the XRP short and a platform-displayed ROE of +49.44%. The account balance was about $3.94 million, of which 3.81 million USDT made up the bulk and 181,317 ASTER were valued near $129,593. Only The Crypto Basic reported this, and it described the account balance and profit figures as values seen in a snapshot, so the position may have changed since.
How the story developed
- First report
First report by The Crypto Basic
Trader Opens 20x XRP Short With 1,795,706 XRP, Position Sits in Profit
- Update
Aster address 0xdd6a…c065 reported holding a 20x XRP short of 1,795,706 XRP
The Crypto Basic published a snapshot of the account showing the XRP short entered at $1.4384, worth roughly $2.52 million, with an unrealized profit of $62,311.50 and a displayed ROE of +49.44%. The same report described leveraged shorts on Bitcoin, Ethereum, Solana and Dogecoin, all said to be in profit.
Affected entities
Also mentioned: Tether USDt
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| The Crypto Basic Crypto media | Trader Opens 20x XRP Short With 1,795,706 XRP, Position Sits in Profit | Original |
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