TradingBeats, formerly known as Hyperinsight, said an address believed to belong to well-known Gen Z trader 0xRay518 added to its short positions in PONS and SNDK over the weekend. As of publication, the address was holding a 10x leveraged SNDK short worth $13.46 million and a 3x leveraged PONS short worth $3.62 million. The account is also listed as the second-largest short-position holder on Hyperliquid.
TradingBeats also tracked a reduction in the address’s Bitcoin short exposure earlier in the day. The wallet cut 49.12 BTC from its short position in the morning, but still held a 20x leveraged BTC short worth $81.52 million at press time.
Publicly available background information cited by ChainCatcher says 0xRay518 began investing at age 14 in 2020, first trading shipping stocks with $3,000 in gift money and at one point turning that into about $300,000 before high leverage nearly wiped out the gains. From 2021 to 2022, the trader shifted to NFTs and airdrops and made what was described as a first major pot of money through the Arbitrum airdrop. In 2025, the same public profile said he left a high school academic test midway and bought $1 million worth of TRUMP tokens on the roadside, exiting with a reported 3x to 4x profit.
ChainCatcher reported, citing TradingBeats, formerly Hyperinsight, that an address believed to belong to well-known young trader 0xRay518 added to its PONS and SNDK short positions over the weekend.
As of publication, the address was holding a 10x leveraged SNDK short worth $13.46 million and a 3x leveraged PONS short worth $3.62 million. The address is also currently the second-largest short-position holder on Hyperliquid.
TradingBeats said 0xRay518 reduced its Bitcoin short by 49.12 BTC earlier this morning. Even after that cut, the address still held a 20x leveraged BTC short worth $81.52 million at press time.
Publicly available background on the trader
Public information cited in the report says 0xRay518 began an investing career at age 14 in 2020. He reportedly started by trading shipping stocks with $3,000 in Lunar New Year gift money, at one point making about $300,000 before high leverage nearly wiped out the account.
From 2021 to 2022, he moved into NFTs and airdrops and made what was described as his first major pot of money through the Arbitrum airdrop. In 2025, public information said he left a senior-year academic test midway and bought $1 million worth of TRUMP tokens on the roadside, later exiting with a 3x to 4x gain.
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