Crypto Whale Makes $3.56 Million Profit by Shorting 16 Altcoins

A substantial cryptocurrency whale identified by an address starting with “0xa31” has generated a significant profit through short positions on 16 altcoins, primarily ETH, PEPE, and DOGE, using the Hyperliquid platform since June 12. Their total position size is $57.5 million, with 14 out of 16 short positions currently in the money, resulting in an unrealized profit of $3.56 million. Notably, their DOGE and XRP short positions are particularly profitable, generating $2.49 million and $1.41 million respectively.