Trump’s Crypto Reserve Plan Triggers XRP Short Squeeze—Whale Faces $4.6M Loss
U.S. President Donald Trump’s surprise announcement about establishing a Strategic Crypto Reserve sent shockwaves through the market, leaving a major crypto whale in deep trouble.
Trump revealed on Truth Social that the reserve would include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA). This announcement disrupted market sentiment, forcing highly leveraged traders to react quickly.
Whale in Panic as XRP Short Faces Liquidation
According to on-chain data from Lookonchain, a crypto whale holding a 20x short position on XRP was caught off guard by Trump’s statement.
To avoid imminent liquidation, the whale rushed to inject $8 million USDC into the position.
Despite the emergency funding, the whale is currently facing a $4.6 million loss, and further market movement could intensify the pressure.
What’s Next for XRP and Crypto Markets?
🔹 Trump’s pro-crypto stance could attract more institutional and retail interest in XRP and other major altcoins.
🔹 Short sellers may continue to unwind their positions, leading to further price spikes.
🔹 If XRP holds its upward momentum, the whale might be forced to fully close the position at a steep loss.
Will Trump’s Strategic Crypto Reserve fuel a broader market rally, or is this just a short-term reaction?
