A certain altcoin winner has begun concentrated shorting, with short positions in PUMP and others reaching $21.8 million.
BlockBeats news, October 8th, according to TradingBeats monitoring, a certain whale concentrated on establishing three short positions in PUMP, SOL, and XRP at noon today. As of press time, the total position value is approximately $21.8654 million, with a floating loss of about $12,900.
Among them, PUMP was opened in reverse after stopping out a long position. A total of 1 billion PUMP long positions were cleared, realizing a loss of about $265,500, followed by the establishment of a 1.5 billion PUMP short position. The current three short positions are as follows:
PUMP (5x leverage): short 1.5 billion tokens, value approximately $9.015 million, average price $0.00602, floating profit about $16,300;
SOL (20x leverage): short 75,000 tokens, value approximately $8.6408 million, average price $115.07, floating loss about $10,700;
XRP (20x leverage): short 3 million tokens, value approximately $4.2096 million, average price $1.397, floating loss about $18,600.
On the same day, the whale also reduced 11,000 HYPE long positions, realizing a profit of about $140,700. It currently still holds 189,000 HYPE and 4.9 million LIT long positions, with a total value of approximately $33.9673 million and a floating profit of about $6.921 million, with the long position size still higher than the aforementioned short positions.
Its current account equity is approximately $7.758 million, with total long and short exposure of approximately $55.8326 million and overall leverage of approximately 7.20x.
