According to on-chain analysis, a cryptocurrency whale whose address starts with “0xa31” has shorted a total of 16 altcoins, mainly ETH, PEPE and DOGE, via the Hyperliquid platform since June 12.
The whale’s total position size is at $57.5 million. As of now, 14 out of 16 short positions are in the money, resulting in a total unrealized profit of $3.56 million.
Particularly DOGE and XRP positions attract attention:
- Profit from DOGE short position: $2.49 million
- Profit from XRP short position: $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.
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In the last three days, the income from funding fees alone reached a significant figure of $2.275 million.
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
*This is not investment advice.
Continue Reading: Giant Whale Shorted These 16 Altcoins, Made Huge Profits
