「20 Million Range Hoodlum」 Adds to BNB, HYPE, and Other Shitcoin Short Positions, Account Shows $7.43M Unrealized Gain

BlockBeats News, January 12, according to Hyperinsight monitoring, in the past 1 hour, the "20 Million Band Hunter" (0x880a) added to its position in BNB, HYPE, DOGE, XPL, and PUMP, a basket of meme coins, shorting them. The current unrealized gain of the account is $7.43 million.

The address has been engaging in high-frequency multi-cryptocurrency arbitrage trading, with an average holding time of about 20 hours. It has a weekly profit of $5.118 million, a monthly profit of $7.493 million, and a total accumulated profit of $98.7276 million over the entire period.