MakerDAO co-founder Rune has expanded his short position on the S&P 500, adding $454,000 worth of contracts. According to Hyperinsight monitoring, Rune's address (0x30d3…) increased its position by 68.76 contracts, bringing the total to 390 contracts with 20x leverage. This raises the position's value to $2.58 million, with an average entry price of $6,615.50. The position currently shows an unrealized profit of $2,300, with a liquidation price at $6,876. Rune's address has previously engaged in various on-chain trading activities, including long positions in WTI Crude and Brent Crude, and short positions in XYZ100 and ETH as hedges. The current strategy involves using both Nasdaq 100 and S&P 500 as hedge positions.