The "fake short seller" has been gradually building short positions in PEPE, which has recently surged, and the account has already made a profit of $81 million this year.

[“Altcoin Short Seller” Gradually Building Short Positions in PEPE, Which Has Recently Surged; Account Profits Reach $81 Million This Year] According to Mars Finance, on January 5th, Coinbob's monitoring of popular addresses showed that in the past two hours, the “altcoin short seller” gradually built short positions in the recently surging Meme coin PEPE, currently holding approximately $120,000 at an average price of $0.007. Since LIT's official launch, its gradually built short positions in LIT have reached $11.2 million, at an average price of $2.7, making it the largest short seller of LIT, ASTER, and UNI on the Hyperliquid platform. Coinbob also reported that this address has held over 20 Altcoin since November, previously holding approximately $20 million, and its total holdings have now increased to $40.7 million. Today's market rise narrowed its unrealized gains by approximately $800,000, but its account still shows unrealized gains of around $4.6 million, with accumulated profits of approximately $13 million over the past two months and a year-to-date profit of $81 million. In stark contrast, another whale that long on a similar altcoin portfolio in November suffered significant losses. Its total holdings have plummeted from approximately $25 million to $2.33 million, with year-to-date losses exceeding $42.7 million.