There is a big guy in the cryptocurrency circle who directly placed a short order on $XRP . This order was so big that the XRP official blocked him directly!
His order is simply an announcement to the world: Let's see if we can make the market value of XRP reach 4 trillion, surpassing Bitcoin and being more powerful than Apple. Then we will see if we can touch any hair of his 12 million positions.
What's more amazing is that he still has Bitcoin in his hands and is making a lot of money. This money makes his XRP short position liquidation price also rise. When the cryptocurrency bull market comes next year, his XRP short position liquidation price may soar to 150 US dollars, or even 200 US dollars! What does this mean?
Unless those dealers have endless money in their hands and can raise the price of XRP by hundreds of times in one go, there is nothing they can do about it. In the past, retail investors were always fooled by dealers, but this time, the dealers are afraid that they will fall into a big trap.
As for why the XRP official blocked this trader, the reason is simple:
The dealers were trying to increase the market value and then cash out, but this trader started selling in advance like an uninvited robber.
He borrowed XRP from the exchange and sold it first, and then bought it back when the price fell. It can be said that he was directly snatching fat meat from the dealer's mouth, and the dealer was of course furious. But looking at the blowout price of this trader, how could the dealer have the ability to bring him down? So the furious dealer could only block him.
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