A newly tracked wallet has sharply reduced a short position worth $3.8 million in solana:5u8PrRBuWvVLEJrjNRNSinhH3Rsxmtx1hjUynTZPpump, according to monitoring by HyperliquidNews. The remaining short now stands at 44,168 tokens, or about $300,000, after most of the trade was closed for a realized profit of $197,800.
The wallet’s largest open position is now a $3.25 million long, which is currently showing an unrealized loss of $123,000. On-chain records cited in the update show the address made its first blockchain transaction on June 5 and has deposited $30 million into HyperCore. The same wallet also placed multiple buy orders below the current market price in an apparent effort to accumulate more of the token.
The monitored activity points to a rapid shift in positioning by a newly active address, with capital moving from a much larger short exposure toward a dominant long stance while keeping bids layered below spot.
According to monitoring shared by HyperliquidNews, a newly tracked wallet previously held a short position worth $3.8 million in solana:5u8PrRBuWvVLEJrjNRNSinhH3Rsxmtx1hjUynTZPpump and has now cut that exposure to 44,168 tokens, or about $300,000.
The wallet has closed most of the trade and realized a profit of $197,800. Its largest current position is a long worth $3.25 million, which is carrying an unrealized loss of $123,000.
On-chain activity and orders below market
On-chain data cited in the update shows that the wallet’s first blockchain transaction dates back to June 5. It has deposited $30 million into HyperCore and placed multiple buy orders below the current price to accumulate more solana:5u8PrRBuWvVLEJrjNRNSinhH3Rsxmtx1hjUynTZPpump.
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