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「$8M Long on 11 Meme Coins」 Whale's Overall Profit Narrows to $1.75M, Previously Peaking at Over $3.3M

23 hours ago

Per HyperInsight monitoring on Jan 8: Amid a market downturn, the total unrealized profit on the "Longing 8M USD for 11 Shitcoins" whale address has retraced—falling to $1.75 million from a prior peak of over $3.3 million. The address deposited 8 million USDC as collateral on Hyperliquid on Jan 1, then opened long positions on IP, XPL, STBL, MON, PUMP, GRIFFAIN, VVV, AIXBT, HEMI, MAVIA, and STABLE. More recently, it added additional long positions on BTC, STBL, FARTCOIN, HYPE, TRUMP, and LIT. Currently, the BTC long position leads unrealized profits at $360k, while the HMSTR long position is the biggest loser with an unrealized loss of $23k.
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