Expert Trader Says He’s Not a Fan of XRP But Buys It for Big Profits, Posts $9 Million Trading Profit

MMCrypto, a well-known Bitcoin advocate, has revealed that while he does not admire XRP, he is investing in the asset for big profits.

Bitcoin Maxi shared this sentiment in a recent disclosure on X, featuring trades with a yield of over $9 million. In the post, he highlighted leveraged positions for XRP, BTC, and Ethereum.

Bitcoin Maxi XRP Exchange to Make Profit

He entered the XRP market when the asset was valued at $0.5757, opening a 10X leveraged position with a liquidation point at $0.5228. As the price of XRP surged to $0.6035, MMCrypto’s trade generated a remarkable gain of 48.21%. This resulted in an unrealized profit of $11,987.

Meanwhile, the veteran trader opened his Bitcoin trade last February, when the asset was worth $46,056. He entered with 17X leverage. As the price of Bitcoin surged to $67,538, MMCrypto’s trade generated a staggering gain of 535.23%.

Similarly, his Ethereum trading was initiated as early as Q4 2023 when ETH was at $1,599. Interestingly, he used an astonishing 49X leverage for Ethereum.

Today, with ETH trading above $3,000, he enjoys an unrealized return of over 2,587%, making it his most profitable trade among the three assets.

Essentially, MMCrypto has only recently explored XRP trading. This transaction comes just days after it transmitted unexpected interest in the asset, departing from his previous skepticism.

This change in stance coincides with XRP’s remarkable growth of over 60% in less than two weeks this month. XRP powered to a three-month high. During that time, XRP briefly ranked as the top performer among billion-dollar cryptocurrencies.

The sudden rise of The popularity of XRP caught the attention of MMCrypto, prompting it to consider investing in the asset. And now, it has successfully executed a profitable trade in XRP. MMCrypto reported that the trades involving XRP, BTC, and ETH generated a staggering profit of $9 million.

I’m still not a fan of XRP

In addition to his leveraged trading, the Bitcoin maxi revealed that he had also purchased a significant amount of spot XRP. He warned that his leveraged positions were risky and a gamble.

Furthermore, MMCrypto emphasized that he is in no way an XRP enthusiast. Rather, he is simply looking to capitalize on the asset’s profit potential.

“I’m not a fan of XRP at all. I buy for profit,” he said.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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