Wintermute Adds $10M+ XRP Short as Hyperliquid Exposure Grows

Wintermute has established a short position exceeding $10 million in XRP on Hyperliquid, according on-chain tracking. The position sits within a broader $190.77 million derivatives portfolio the trading firm maintains on the decentralized exchange. The move reflects growing activity by the market maker on Hyperliquid as the platform expands its derivatives offerings.

The timing comes as XRP trades near technical levels being monitored by observers - with resistance and support markers noted in the $1.62 and $1.48 range respectively. Wintermute's directional bet against XRP is worth noting given the firm's scale as a liquidity provider, though the short represents a subset of its larger Hyperliquid exposure.

• Wintermute established a $10M+ XRP short position on Hyperliquid, part of a $190.77M derivatives book on the platform.
• The position signals increased activity by market makers on Hyperliquid as the DEX grows its derivatives infrastructure.