「Short ETH with 25x Leverage」 Address Gains $2.4M in Profit in 4 Hours, Previously Dormant for 4 Years

BlockBeats News, May 17th, according to LookIntoChain monitoring, as the overall market dragged down altcoins, the address that previously spent $2.95 million to open a 25x ETH short position on HyperLiquid, as well as 10x leverage shorts on PEPE, WIF, and OP, has made a $2.4 million profit in less than 4 hours. It is worth noting that before this high-leverage short operation, the address had been dormant for 4 years.