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.

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On January 5th, according to Coinbob's monitoring of popular addresses , in the past two hours, the "alt short seller" has been gradually building up short positions in the recently surged Meme coin PEPE, with a current position size of approximately $120,000 and an average price of $0.007. Since the official launch of LIT, the size of its gradually built-up LIT short positions has now reached $11.2 million, with an average price of $2.7, making it the largest short seller of LIT, ASTER, and UNI on the Hyperliquid platform.

According to Coinbob monitoring, this address has held more than 20 Altcoin since November, with previous holdings of approximately $20 million, and the total holdings have now increased to $40.7 million. Today's market rise narrowed its unrealized profit by about $800,000, but its account still has an unrealized profit of about $4.6 million, with a cumulative profit of about $13 million in the past two months and a cumulative profit of $81 million this year.

In stark contrast, another whale that long on a similar altcoin portfolio in November suffered massive losses. Its total holdings plummeted from approximately $25 million to $2.33 million, with cumulative losses exceeding $42.7 million this year.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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