Giant Whale Shorted These 16 Altcoins, Made Huge Profits

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. Related News: First Signal Emerges from the Platform That Has Been Denying Altcoin Launch for Years: A Historic Moment May Be Near 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

Source: BitcoinSistemi