The "20 Million Range Rover" has accumulated $104 million in profits since October and is now the largest ETH and HYPE on-chain short.

December 24th — Per monitoring from HyperInsight (Telegram: @HyperInsight), the crypto address **0x880a** (nicknamed the "20 Million Bandit") has been continuously closing short positions across multiple assets including ETH and HYPE over the past 6 hours. Key position breakdown: - **ETH**: ~$68.3M short position, average entry price $3132, liquidation threshold $3767 - **HYPE**: ~$41.97M short position, average entry price $31.7, liquidation threshold $34.27 Total short exposure: ~$111M — making it the largest ETH and HYPE short holder on Hyperliquid. Trader background: - Longtime high-frequency multi-asset arbitrageur, with an average holding period of ~20 hours - Since October, has realized **over $104M in profits** on an initial capital of ~$20M - Today alone, has already banked $1.3M in gains Historical shift: Previously held 83.6% of positions in shorts for PUMP, PAXG, and HYPE; recently reallocated to focus on ETH and HYPE shorts, which now account for 98.6% of total positions.