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Major Trader Auros Holds $7.73 Million XRP Long With $618,000 Gain

Auros entered the XRP long position at about $1.39, and the disclosed trade shows unrealized gains of more than $618,000.

Summary

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Terms & Concepts
  • Long position: A trade that profits if an asset’s price rises from the entry level.
  • XRP: A cryptocurrency used on the XRP Ledger, a blockchain network focused on payments and transfers.
  • Unrealized gains: Paper profits on an open position that have not yet been locked in through a sale or close.