A whale has a floating profit of 9.01 million dollars from shorting 16 altcoins and has added 2.5 million dollars in margin to increase the liquidation price.

BlockBeats news, on June 23, according to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that shorted 16 altcoins deposited 2.5 million USDC to Hyperliquid 2 hours ago, further increasing the liquidation price of the basket of tokens.

Subsequently, it closed some of its short positions in PEPE and XRP, reducing the overall position size to 46.38 million dollars, and is still continuously placing orders to take profit. In the past month, it has made a profit of up to 13.68 million dollars, and the current short position on the basket of altcoins is still in profit of 9.01 million dollars.