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.
2 outlets in our directory ran this story. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
- ▪ Crypto whale bets $224,000 on XRP price stability through June — Crypto Briefing
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| Original publisher | CoinDesk |
| Canonical URL | https://www.coindesk.com/markets/2026/05/21/a-massive-xrp-trade-is-betting-prices-gravitate-to-usd1-40-until-the-end-of-june |
| Publication time | Thu, 21 May 2026 09:34:48 +0000 |
| Retrieval time | 2026-05-21T09:51:10.497Z |
| Last seen | 2026-05-21T09:51:10.497Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | Gi-Er1w-qFG- · 2 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
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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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Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
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