A whale address shorts 16 altcoins on Hyperliquid with an unrealized profit of $3.56 million

According to a report by Jinse Finance, on-chain analyst @ai_9684xtpa has monitored that 16 short positions on altcoins have generated $3.56 million in profits over three days. The Hyperliquid address 0xa31...8ad1 began shorting a basket of tokens, including ETH, PEPE, and DOGE, starting from June 12. Among these, the DOGE and XRP short positions have the highest unrealized profits, at $2.48 million and $1.4 million respectively, while the HYPE short position has an unrealized loss of $3.21 million. Currently, 14 out of the 16 short positions are in profit, with a total position size of $57.5 million. Interestingly, just the funding fees alone have earned $2.275 million in three days.