On May 17th, based on the monitoring of LookOnChain, as the overall market dragged down altcoins, the address that previously spent $2.95 million to open a 25x short position on ETH via HyperLiquid and 10x leverage shorts on $PEPE , $WIF , and $OP has made a 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 dormant for 4 years.
