Whale Bets Big on XRP After Ethereum Rally, Earns Significant Profits

A prominent crypto whale’s recent actions have signaled a significant shift in his investment strategy. After successfully betting big on Ethereum (ETH) and achieving substantial gains, the whale has turned his attention to another altcoin: XRP. blockchain analytics firm Lookonchain reports that this whale initiated a 2x leveraged long position in XRP approximately 8 hours ago, with an initial investment of $12 million. This move resulted in an unrealized profit of $261,000 within just three days. The rise of Ethereum likely motivated the whale to explore new opportunities. His success with ETH has positioned him for further strategic investment.