Giant Whale Shorted These 16 Altcoins, Made Huge Profits

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:

• 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

*This is not investment advice.