「$8M Long on 11 Meme Coins」 Whale's Overall Profit Narrows to $1.75M, Previously Peaking at Over $3.3M

BlockBeats News, January 8th, according to Hyperinsight monitoring, along with the market downturn, the total unrealized profit of the "Longing 8 Million USD for 11 Shitcoins" whale address encountered a retracement, with unrealized profit narrowing to $1.75 million, previously peaking at over $3.3 million.

The address deposited 8 million USDC as collateral into Hyperliquid on January 1st, subsequently opening long positions for: IP, XPL, STBL, MON, PUMP, GRIFFAIN, VVV, AIXBT, HEMI, MAVIA, and STABLE. Recently, additional long positions were added for BTC, STBL, FARTCOIN, HYPE, TRUMP, and LIT.

Currently, the BTC long position has an unrealized profit of $360,000, the largest profit position; the HMSTR long position has an unrealized loss of $23,000, the largest loss position.