Market-making firm Wintermute has opened a short position on XRP valued at over $10 million, according to on-chain data tracked by Onchain Lens. Wintermute increased its overall short exposure by approximately $45 million, with its top five short positions including Ethereum, Bitcoin, Solana, HYPE and XRP. XRP surged 49.24% over seven days, with open interest at $3.61 billion and a long/short ratio of 2.5651 on Binance. Over the last 24 hours, $21.42 million of XRP positions were liquidated, with $12.47 million from longs and $8.95 million from shorts.
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