A whale account tracked by TradingBeats opened three concentrated short positions in PUMP, Solana (SOL), and XRP around midday on Oct. 8, with the combined position value reaching about $21.8654 million at press time. The account was showing an unrealized loss of roughly $12,900 across the three trades.
The PUMP short came after the trader stopped out of a long position and flipped direction. According to the monitoring data, the whale fully exited a previous 1 billion PUMP long, realizing a loss of about $265,500, and then opened a new short position of 1.5 billion PUMP. The three shorts were listed as follows: 1.5 billion PUMP at 5x leverage worth about $9.015 million, 75,000 SOL at 20x leverage worth about $8.6408 million, and 3 million XRP at 20x leverage worth about $4.2096 million.
On the same day, the whale also reduced an 11,000 HYPE long for a realized profit of about $140,700. The account still holds 189,000 HYPE and 4.9 million LIT in long positions, with a combined value of about $33.9673 million and unrealized profit of about $6.921 million. Those remaining longs are still larger than the newly opened shorts. The account’s equity stood at about $7.758 million, with total long and short exposure of about $55.8326 million and overall leverage of about 7.20x.
According to TradingBeats monitoring cited by BlockBeats on Oct. 8, a whale account opened three concentrated short positions in PUMP, Solana (SOL), and XRP around midday. At press time, the combined value of the three shorts was about $21.8654 million, with an unrealized loss of roughly $12,900.
Breakdown of the short positions
The PUMP trade was opened after the whale stopped out of a long and reversed direction. The account fully closed a previous long position of 1 billion PUMP, realizing a loss of about $265,500, and then opened a new short of 1.5 billion PUMP.
- PUMP (5x leverage): short 1.5 billion tokens, worth about $9.015 million, average entry price of $0.00602, unrealized profit of about $16,300;
- SOL (20x leverage): short 75,000 tokens, worth about $8.6408 million, average entry price of $115.07, unrealized loss of about $10,700;
- XRP (20x leverage): short 3 million tokens, worth about $4.2096 million, average entry price of $1.397, unrealized loss of about $18,600.
HYPE long partially reduced
On the same day, the whale also reduced an 11,000 HYPE long, realizing a profit of about $140,700. The account still holds long positions in 189,000 HYPE and 4.9 million LIT, with a combined value of about $33.9673 million and unrealized profit of about $6.921 million. The remaining long exposure is still larger than the short exposure above.
Account exposure and leverage
The account currently has equity of about $7.758 million, total long and short exposure of about $55.8326 million, and overall leverage of about 7.20x.
Earlier reporting said LIT has risen 141% since its launch on the Robinhood chain, creating a $15.4 million windfall for three low-cost addresses.
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