XRP Whale Bets $224K on Dead-Flat Price Through June — Right as Volatility Risks Stack Up

A large trader on Deribit executed a single-block "short strangle" — selling 1.5 million contracts of both the $1.40 call and put options expiring June 26 — and collected $224,500 in upfront premiums. The position profits in full only if XRP stays pinned near $1.40 through expiry; any sharp move in…