A crypto whale has made a $224,000 bet that XRP's price stays perfectly flat through June
A significant crypto trader has placed a $224,000 bet on XRP's price remaining stable at around $1.40 until the end of June. This strategy, known as a 'short strangle,' allows the trader to keep the premium collected if the price does not fluctuate significantly. The move comes amid macroeconomic pressures and regulatory developments that could lead to increased volatility in the cryptocurrency market.
- ▪The trader collected approximately $224,500 in premiums from the bet.
- ▪The strategy involves shorting both call and put options for XRP at the $1.40 strike price.
- ▪If XRP remains near $1.40 through June 26, the trader will retain the premium as profit.
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailA crypto whale has made a $224,000 bet that XRP's price stays perfectly flat through JuneThe trader collected about $224,500 in premiums and will keep the full amount if XRP remains close to $1.40.By Omkar Godbole|Edited by Jamie Crawley May 21, 2026, 9:34 a.m. 2 min readMake preferred on (whekevi/Pixabay)What to know: A large trader booked a "short strangle" strategy on Deribit, expecting XRP to stay close to $1.40 till the end of June.The trader collected about $224,500 in premiums and will keep the full amount if XRP remains close to $1.40.The low-volatility wager comes as macroeconomic pressures and a key U.S. crypto regulatory bill, the Clarity Act, raise the prospect of bigger price swings.
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