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.