A prominent trader known as "Shanzhai Air Force" has expanded its short position in the meme coin PEPE, adding $12,000 to reach a total of $120,000 at an average price of $0.007. This trader is also the largest short position holder for LIT, ASTER, and UNI on the Hyperliquid platform, with a significant $11.2 million short position in LIT at an average price of $2.7.
The trader's portfolio, which includes over 20 altcoins, has seen its value rise from $20 million to $40.7 million since November. Despite a recent market rise reducing its floating profit by $800,000, the account still holds a floating profit of $4.6 million. Over the past two months, the trader has accumulated $13 million in profits, bringing its total profit for the year to $81 million. In contrast, a competing whale with a similar altcoin strategy has suffered losses, with its holdings dropping from $25 million to $2.33 million, resulting in a $42.7 million loss this year.
Major PEPE Short Holder Increases Position, Yearly Profit Hits $81M
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