MMCrypto, a well-known supporter of Bitcoin, has revealed that despite his lack of admiration for XRP, he is actively engaging with the asset to secure significant profits. The Bitcoin maximalist shared this sentiment in a recent announcement on X, showcasing trades that have yielded over $9 million. In the post, he emphasized leveraged positions for XRP, BTC, and Ethereum.
The Bitcoin Maxi entered the XRP market when the asset was priced at $0.5757, initiating a 10X leveraged position with a liquidation point at $0.5228. With XRP’s price increasing to $0.6035, MMCrypto’s trade resulted in an impressive 48.21% gain, leading to an unrealized profit of $11,987.
Simultaneously, the experienced trader initiated his Bitcoin trade back in February when the asset was valued at $46,056. Utilizing 17X leverage, he saw a remarkable 535.23% gain as Bitcoin’s price rose to $67,538.
Similarly, his Ethereum trade was launched in Q4 2023 when ETH was priced at $1,599. Notably, he employed a 49X leverage for Ethereum. Today, with ETH trading above $3,000, he is experiencing an unrealized return of over 2,587%, marking it as his most profitable trade among the three assets.
Despite his recent exploration into trading XRP, MMCrypto has expressed unexpected interest in the asset, deviating from his past skepticism. This change in stance coincides with XRP’s impressive growth of over 60% in less than two weeks this month, propelling it to a three-month high and briefly ranking it as the best-performing among billion-dollar cap cryptocurrencies.
The sudden surge in XRP’s popularity caught MMCrypto’s attention, prompting him to consider investing in the asset. As a result, he has successfully executed a profitable trade in XRP, contributing to an overall profit of $9 million from trades involving XRP, BTC, and ETH.
Despite his leveraged trades, the Bitcoin maximalist disclosed that he also acquired a significant amount of XRP spot. He warned of the risks associated with leveraged positions, emphasizing that he is not a fan of XRP but is solely focused on capitalizing on its profit potential for financial gain.
“I am not at all an XRP fan. Buying for profit,” he stated.
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