「On-Chain Shareholder」 Gold Short Position Reaches $40 Million, Also Shorting ETH Against SOL Exchange Rate for Continued Profits
BlockBeats News, February 11, according to Coinbob Popular Address Monitoring, on-chain gold's largest short whale, "On-chain Stockholder" (0xfc66...), recently held a short position of about $80 million in various on-chain stocks and commodities, and additionally deployed about $40 million in ETH, SOL, and other cryptocurrency-related positions. Currently, the address has realized a profit of about $12.7 million within the month.
Over the past few days, the address has continued to increase its short position in PAXG (on-chain gold), with the position size increasing from $24.9 million to $30.3 million; its short position in GOLD (gold tokenized asset) has also been maintained at around $10.5 million. It is worth noting that this whale has also established a total short position of about $36 million in the "ETH/SOL exchange rate" by shorting ETH and longing SOL simultaneously, and this position has already generated significant unrealized profits. Currently, its main holdings are as follows:
5x PAXG (on-chain gold): Position size of about $30.3 million, average price of $4974, unrealized loss of about $520,000;
20x ETH: Position size of about $18.8 million, average price of $2043, unrealized gain of about $270,000;
20x SOL: Position size of about $18 million, average price of $80.6, unrealized gain of about $610,000;
5x GOLD (gold tokenized asset): Position size of about $10.5 million, average price of $4858, unrealized loss of about $410,000;
It is reported that this address has always focused on on-chain contract operations of crypto assets. Since January 8 of this year, it has continuously reduced its highly leveraged short positions in ETH, BTC, and SOL; instead, gradually increasing its holdings of on-chain stocks. Its on-chain stock position has accumulated an increase of nearly $80 million within January, and recently, some of the funds have returned to the cryptocurrency market.
