A PEPE Short Position Worth $1.2M Liquidated by '20M Wave Hunter' Address

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
On January 15, the "20M Wave Hunter" address (0x880a) closed a portion of its PEPE short position, liquidating 144 million shorts valued at $1.22 million. The position trading strategy continues with $3.43 million in remaining shorts, showing a floating profit of $36.06 million and a yield of 105.14%. With an average entry price and current price near $0.01, the liquidation price sits at $0.051. Known for aggressive position sizing and high-frequency swing trading, the address has generated nearly $100 million in profits since October using a $20 million principal.

BlockBeats News, January 15, according to... HyperInsight Monitoring shows that the address labeled "20 Million Band Hunter" (0x880a) executed a profit-taking operation on its PEPE short position, reducing 144 million PEPE short tokens, valued at approximately $1.2169 million.


After this partial profit-taking, the trader still holds a short position in PEPE with a value of approximately $3.4299 million. The position currently has a floating profit of about $360,600, achieving a return rate of 105.14%. The average entry price and the current price of the token are both approximately $0.01, and the liquidation price is $0.051.


This address is known for its high-frequency, multi-coin wave trading style, with an average holding time of about 20 hours. Since last October, it has generated nearly $100 million in profits using a principal of around $20 million.


Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.