Renowned Bitcoin advocate MMCrypto recently revealed that, despite not being a fan of XRP, he has been engaging in trading the asset for significant profits. In a recent disclosure, he shared his trades totaling over $9 million in profit, focusing on leveraged positions for XRP, BTC, and Ethereum.
MMCrypto entered the XRP market when the asset was priced at $0.5757, opening a 10X leveraged position with a liquidation point at $0.5228. With XRP’s price rising to $0.6035, his trade resulted in a 48.21% gain, leading to an unrealized profit of $11,987.
Similarly, his Bitcoin trade, initiated in February at $46,056 with 17X leverage, saw a remarkable gain of 535.23% as Bitcoin’s price climbed to $67,538. His Ethereum trade, entered in Q4 2023 at $1,599 with a 49X leverage, has also generated significant returns with ETH now trading above $3,000.
Despite his recent interest in trading XRP, MMCrypto made it clear that he is not a fan of the asset and is primarily focused on capitalizing on its profit potential. He emphasized that his leveraged positions are risky and should be considered a gamble.
The sudden surge in XRP’s popularity, with a growth of over 60% in less than two weeks, caught MMCrypto’s attention and prompted him to explore trading the asset. His trades involving XRP, BTC, and ETH have collectively generated a profit of $9 million.
It is important to note that the information provided in this article is for informational purposes only and should not be considered financial advice. Readers are advised to conduct their own research before making any investment decisions.