Giant Whale Suffers Millions in Losses on This Altcoin After a Major Short Position

According to data from on-chain monitoring platform HyperInsight, a crypto whale known as “Iron Head Air Force” and whose address starts with 0x880ac has been experiencing heavy losses in short positions opened in various cryptocurrencies for the past month.

The whale's total losses in the last week alone have reached $10.41 million.

The whale, whose largest short position is in PUMP, had an average opening price of $0.0033 and currently has an open loss of approximately $12.97 million. The address also holds a short position of $30.04 million in SOL and $12.58 million in BTC, and similarly maintains short positions in other major cryptocurrencies like LINK, BCH, and LTC.

Meanwhile, the Ethena Foundation's additional buyback plan has pushed the price of $ENA up over 13% in the last 24 hours. According to on-chain data, the whale with the address 0x6b7…c5e9c, the largest investor in $ENA on Hyperliquid, made a profit of $3.10 million by opening 5x long positions.

*This is not investment advice.