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 $DOGE and XRP $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.
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
