A Whale Holding Strong on 'Shorting Shitcoins' Nets $6.417 Million in Unrealized Gains, Account's Total Profit Tops $78.86 Million

BlockBeats News, December 2nd, according to on-chain analyst Ai Yi (@ai_9684xtpa), a whale who has shorted 21 meme coins is now holding a paper profit of $6.417 million.

The whale address '0xa31...8aD1E' has consistently pursued the 'short meme coins' strategy since June this year. After the October 11th flash crash, profits soared, and the overall account profit has exceeded $78.86 million. Currently, out of its 22 positions, only ENA is long and at a floating loss, while the other 21 short positions are all profitable.