The abrupt reversal in #CASHCAT has created both winners and losers across the market. One trader is sitting on more than $529,000 in unrealized gains from a short position. Meanwhile, others have suffered six-figure losses as the Robinhood Chain meme coin fell more than 70% from its recent high. Notably, trader 0xc36a opened a short position on CASHCAT two days ago and has since accumulated $535,510 in unrealized profit as the token continued its steep decline. While short sellers benefited from the selloff, bullish traders were caught on the wrong side of the move. According to Lookonchain, trader 0x5fe6 spent 405 ETH, worth about $750,000, to buy 5.04 million CASHCAT tokens. After the sharp correction, the position is now worth only around $290,000. That leaves the trader with an unrealized loss of approximately $460,000, or 61%. https://t.co/3rqN7Kl62e