An on-chain analyst reveals a whale's strategic shorting moves, with profits from PEPE and XRP contributing to a total exposure reduction to $46.38 million.
An on-chain analyst reported that a whale shorting 16 altcoins deposited $2.5 million USDC on Hyperliquid, raising liquidation prices. The whale closed part of its short positions in PEPE and XRP, reducing total exposure to $46.38 million while securing profits of $13.68 million over the past month, with current positions showing $9.01 million in unrealized gains.