Crypto Whale with $57.5 Million Positions Shorts ETH, PEPE, and DOGE

Crypto Whale with $57.5 Million Positions Shorts ETH, PEPE, and DOGE

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by Giorgi Kostiuk

a year ago

On-chain data analysis indicates that a cryptocurrency whale whose address starts with '0xa31' has shorted 16 altcoins on the Hyperliquid platform since June 12.

General Information about the Whale's Position

The whale's total position size is at $57.5 million. Currently, 14 out of 16 short positions are in the money, resulting in a total unrealized profit of $3.56 million.

Profit from DOGE and XRP Positions

Particularly DOGE and XRP positions attract attention. Profit from the DOGE short position amounts to $2.49 million, while profit from the XRP short position is $1.41 million. However, the whale's short position in the HYPE token currently appears to have lost $3.19 million, making it the largest loss.

List of the Whale's Short Positions

According to the Hyperliquid position history of the relevant address, the altcoins that are shorted are as follows: * BTC * HYPE * XRP * ETH * kPEPE * FARTCOIN * DOGE * LEFT * SUI * INIT * LAUNCHCOIN * PENGU * WLD * POPcat * LTC * MOODENG

The crypto whale actively utilizes short-selling opportunities in the altcoin space, achieving significant profits from its positions, although not all investments have been successful.

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