According to data from on-chain surveillance platform HyperInsight, it is a crypto whale known as the “Iron Head Air Force”, which starts at 0x880AC and has experienced major losses in short positions that have opened in various cryptocurrencies over the past month.
The total whales’ loss in the last week alone reached $10.41 million.
The whale, whose largest short position is in the pump, has an average opening price of $0.0033 and currently has an open loss of about $12.97 million. The address also holds a short position of $300.04 million in SOL and $12.58 million in BTC, as well as short positions in other major cryptocurrencies such as Link, BCH and LTC.
Meanwhile, the Ethena Foundation’s additional buyback plan has increased the price of the ENA by more than 13% in the last 24 hours. According to on-chain data, the whale with the largest investor in ENA, address 0x6B7…C5E9C, has made a profit of $30 million by opening a five-fold longer position.
*This is not investment advice.
