A Major Whale Shorts 16 Altcoins, Gains $9.01 Million in Unrealized Profits, and Adds $2.5 Million in Margin to Raise Liquidation Price

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale who has been shorting 16 different altcoins deposited 2.5 million USDC into Hyperliquid two hours ago, further raising the liquidation prices of a basket of tokens. The whale then closed part of their short positions in PEPE and XRP, reducing the overall position size to $46.38 million, and continues to place take-profit orders. Over the past month, this trader has made a profit of $13.68 million, with unrealized gains on the current basket of altcoin shorts still standing at $9.01 million.