A crypto whale has made a $224,000 bet that XRP's price stays perfectly flat through June
The trader collected about $224,500 in premiums and will keep the full amount if XRP remains close to $1.40....
Key takeaways
- 1A crypto whale sold XRP call and put options expiring June 26, collecting $224,500 in premiums betting price stays near $1.40.
- 2XRP has traded between $1.30 and $1.50 since February; trader profits only if price remains close to $1.40 through June.
- 3Senate Banking Committee advanced the Clarity Act, a landmark U.S. cryptocurrency regulatory framework bill moving to full Senate vote.
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Why it matters
This trade signals institutional expectations of XRP price stability despite macroeconomic headwinds and upcoming U.S. crypto regulation. The Clarity Act advancement is significant for Indian investors as it establishes global regulatory precedent that could shape India's crypto policy framework and market structure.
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