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Hyperliquid’s largest ETH short closes as pension-usdt.eth exits position with $5.8 million profit

Hyperliquid’s largest ETH short closes as pension-usdt.eth exits position with $5.8 million profit

The wallet “pension-usdt.eth” has fully closed its Ether short, with monitoring services putting realized profit at about $5.8 million and total profit now around $41 million after 23 straight winning trades.

ETH
USDT
HYPE

Fact Check
The originating monitor OnchainLens explicitly states pension-usdt.eth closed its ETH short with $5.8M realized profit and total profit exceeding $41.68M. Odaily independently corroborates $5.8M profit, 23 consecutive wins, and ~$41M total profit. BlockBeats flash/352126 echoes the same figures citing OnchainLens, and flash/351970 establishes the wallet as Hyperliquid's largest ETH short. All key claim elements—full closure, ~$5.8M realized profit, ~$41M total, and 23 winning trades—are consistently supported. Minor variance ($41M vs $41.68M) is rounding.
Summary

The wallet "pension-usdt.eth," previously identified as holding Hyperliquid’s largest ETH short, has fully closed the position and realized about $5.8 million in profit. The exit completes the unwind of an original 60,000 ETH short opened at an average $1,810 using 3x leverage. Earlier monitoring updates had shown the trade being reduced in stages, with roughly 11,700 ETH already closed and about $80 million of exposure still open before the final exit. The latest monitoring update said the wallet has now posted 23 consecutive winning trades, with cumulative profit reaching about $41 million, extending its profile as one of the more closely watched on-chain trading addresses.

Terms & Concepts
  • ETH short: A bearish trade designed to profit if Ether’s price declines.
  • 3x leverage: Trading exposure set at three times the posted collateral, increasing both potential gains and losses.
  • on-chain trading addresses: Wallets whose market activity can be tracked through publicly visible blockchain data.