"20 million Wave Hunter" takes profit in batches on HYPE and XPL short positions, with a profit of $30.5 million in the past week.

BlockBeats News, January 9 — According to Coinbob’s popular address monitoring, over the past 6 hours, “20 million wave band hunters” (0x880a) have gradually closed their short positions on HYPE and XPL. Currently, the HYPE short position holds approximately $38.2 million, with an average price of $31.3, a liquidation price of $42.7, making it the largest HYPE short whale on Hyperliquid.

Previously, this address’s holdings were highly concentrated in ETH and HYPE short positions, accounting for up to 98.6%. Recently, it has diversified some funds into short positions on coins such as BTC, SOL, and kPEPE. The total account holdings have increased from $111 million ten days ago to $149 million now. Its main holdings are as follows:

12x ETH long: approximately $62.89 million, average price $3108, unrealized profit of $400,000;

5x HYPE long: approximately $37.60 million, average price $31.3, unrealized profit of $8.33 million;

11x BTC long: approximately $14.76 million, average price $91,800, unrealized profit of $250,000;

This address has been engaged in high-frequency multi-asset band trading for a long time, with an average holding time of about 20 hours. Since October, it has realized nearly $100 million in profit with an initial capital of about $20 million. Influenced by the market rally this morning, its intraday unrealized profit has retraced by about $9.55 million. It still holds an unrealized profit of approximately $9.5 million, with recent weekly profits reaching $30.5 million.