The giant whale short selling XRP with 20 times leverage has incurred losses exceeding $4.6 million

According to BlockBeats, on March 3rd, according to Lookonchain monitoring, a whale hastily closed its XRP short position and increased its USDC margin by 8 million to avoid forced liquidation after the announcement that "Trump will advance cryptocurrency strategic reserves including XRP, SOL, and ADA". The whale shorted XRP with 20 times leverage, resulting in a floating loss of over $4.6 million.