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"The Meme Army Front is gradually building a short position on recently surging PEPE, with the account's year-to-date profit reaching $81 million."
BlockBeats News, January 5th, according to Coinbob Popular Address Monitoring, in the past 2 hours, the "Meme Coin Whale" has gradually built up a short position on the recently surged Meme coin PEPE, with the current position size of about $120,000, at an average price of $0.007; since the official launch of LIT, the gradually established LIT short position has now reached $11.2 million, at an average price of $2.7, now being the largest short position on the Hyperliquid platform for LIT, ASTER, and UNI.
According to Coinbob's monitoring, since November, this address has held more than 20 different meme coins, with a previous position of about $20 million, and the total position size has now increased to $40.7 million. Today's market rise has narrowed its unrealized gains by about $800,000, but its unrealized gains still stand at about $4.6 million, with a cumulative profit of about $13 million in the past two months and a total annual profit of $81 million.
In stark contrast, another whale that confronted it in November, holding a similar set of meme coins but in a long position, has incurred substantial losses. The total position has plummeted from about $25 million to $2.33 million, with a cumulative loss of over $42.7 million for the year.
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