According to ChainCatcher, market sources reported that the "3M Deposit to Short" whale recently opened short positions on PEPE and HYPE with 10x leverage. However, due to low margin, the whale has already faced partial liquidation amid the market's upward movement. The whale's current holdings include 1,609.89 BTC (approximately $145 million), 31,732.34 ETH (approximately $95.78 million), 2.55 billion PEPE (approximately $13.22 million), 594,000 HYPE (approximately $12.94 million), and 527 XMR (approximately $2.7 million). As a result, the unrealized profit has sharply dropped from a previous high of $24.8 million to $3.4 million.
Whale's Floating Profit Falls from $24.8M to $3.4M Amid Market Rally
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Summary
Whale activity has recently changed as a major holder's floating profit dropped from $24.8 million to $3.4 million despite a market rally. The whale, known as "$3M Deposit to Short," opened 10x short positions on altcoins to watch, such as PEPE and HYPE, but faced partial liquidation due to low margin. Current holdings include 1,609.89 BTC (~$145 million), 31,732.34 ETH (~$95.78 million), 2.55 billion PEPE (~$13.22 million), 594,000 HYPE (~$12.94 million), and 527 XMR (~$270,000).
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