An altcoin winner has started concentrated short selling, with short positions in tokens like PUMP totaling $21.8 million.

According to TradingBeats monitoring, a crypto whale opened concentrated short positions in PUMP, SOL, and XRP at noon today. As of press time, the total position value is approximately $21.8654 million, with an unrealized loss of around $12,900. For PUMP, the whale reversed to open short positions after liquidating long positions: it cleared a total of 1 billion PUMP long positions, incurring a loss of about $265,500, then established 1.5 billion PUMP short positions. The three current short positions are: PUMP (5x leverage): 1.5 billion shorted, valued at ~$9.015 million, average price $0.00602, unrealized profit of ~$16,300; SOL (20x leverage): 75,000 shorted, valued at ~$8.6408 million, average price $115.07, unrealized loss of ~$10,700; XRP (20x leverage): 3 million shorted, valued at ~$4.2096 million, average price $1.397, unrealized loss of ~$18,600. On the same day, the whale also reduced its 11,000 HYPE long positions, realizing a profit of ~$140,700. It currently holds 189,000 HYPE long positions and 4.9 million LIT long positions, with a total value of ~$33.9673 million and unrealized profit of ~$6.921 million. Its long position size remains larger than the above short positions. The whale’s current account equity is ~$7.758 million, total long-short exposure is ~$55.8326 million, with an overall leverage of ~7.2x. Prior development: LIT has rallied 141% since its launch on the Robinhood chain, generating $15.4 million in gains for three low-cost addresses.