A prominent short position holder, known as the "Shanzhai Air Force," has significantly increased its short positions on Solana ecosystem tokens, including PUMP and MET. The address currently holds a PUMP short position with 10x leverage, valued at approximately $4.01 million, and a MET short position with 3x leverage, worth about $300,000. Additionally, the address is shorting meme coins on the Solana blockchain, such as PEPE and Fartcoin, with a total short position of around $1.2 million.
Despite a recent market rally, the address has also increased its short positions in LIT, with a total size of $14.2 million, resulting in a floating loss of $1.74 million. Since November, the address has expanded its short positions across over 20 altcoins, growing from $20 million to $46.7 million. Despite a $3 million reduction in floating profit due to market movements, the address maintains a small profit, with cumulative annual profits reaching $80 million.
Major Short Position Holder Targets Solana Tokens with $5M in Shorts
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