The '25x Short ETH' address has made a floating profit of $2.4 million in 4 hours, having been inactive for 4 years

BlockBeats News, on May 17, according to Lookonchain monitoring, as the market drags down altcoins, an address that previously invested $2.95 million to open a 25x ETH short position and 10x leveraged short positions on PEPE, WIF, and OP has made a floating profit of $2.4 million in less than 4 hours. It is worth noting that before this high-leverage short operation, the address had been inactive for 4 years.