MakerDAO Co-Founder Rune Addresses Continue to Add to S&P 500 Short Position, Position Size Now at $2.57 Million

BlockBeats News, March 19, according to Hyperinsight monitoring, in the past 1 hour, an address associated with MakerDAO co-founder Rune (0x30d3...) has increased its short position on the SP500 (S&P 500 mapping contract) through a position rollover, accumulating an additional 68.76 units, worth approximately $454,000.

After continuous accumulation, the address now holds a 20x leveraged SP500 short position totaling 390 units, with a total position size of $2.58 million and an average entry price of $6,615.5. At the time of writing, the position has a slight floating profit of around $2,300, with a liquidation price set at $6,876.

This address had previously held long positions in CL (WTI Crude Oil) and BRENTOIL (Brent Crude Oil) on-chain, and had opened short positions in XYZ100 and ETH as hedges, and is now simultaneously using Nasdaq 100 and S&P 500 as hedge positions.