The "On-chain Shareholder" liquidated their NASDAQ short position and went long on gold, while also investing $59 million to buy the dip in the crypto market

February 3rd — Per the Coinbob Popular Address Monitor, the largest on-chain gold short whale (alias "On-chain Stockholder," address 0xfc66...) has amassed an $80 million short position across commodities, with weekly profits hitting $9.4 million. In recent days, the address has closed positions to lock in profits: it drastically cut its on-chain U.S. stock shorts (primarily tracking the XYZ100 Nasdaq 100 Index) from ~$19.6 million to under $300k, then redirected those funds to precious metals shorts, pushing total short exposure to $47 million. Its top short is PAXG (on-chain gold) at $24.9 million. The account’s overall holdings have jumped to $115 million, with key shifts: - ~$57 million in remaining commodity shorts - ~$59 million in crypto long positions (aggressively buying the dip on XRP, SOL, ETH) - Sharply reduced chain-linked stock positions Compared to last Friday, its main commodity positions are: - 5x PAXG: $12M → $24.9M; avg price $5,250 → $4,991; ~$980k unrealized profit - 5x xyz:GOLD: $12.8M; avg price $5,320 → $4,814; ~$83k unrealized loss - 2x xyz:SILVER: $9.49M; avg price $108 → $81; ~$170k unrealized loss This address, focused on on-chain crypto derivatives trading, has steadily cut leveraged shorts on ETH, BTC, and SOL since Jan. 8 while ramping up chain-linked stock positions (adding ~$80M in January) before recently pivoting back to crypto.