Onchain data revealed that an altcoin opened a short position in a large number of altcoins with a large amount of funds.
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:
However, the whale’s short position in the HYPE token currently appears to have lost $3.19 million, making it the largest loss.
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:
