A certain whale address is shorting 16 altcoins on Hyperliquid with an unrealized profit of $3.56 million, holding a total position value of $57.5 million.

BlockBeats News, on June 14, according to on-chain analyst Ai Yi (@ai_9684xtpa), it was observed that the Hyperliquid address starting with 0xa31 began shorting a bundle of altcoins, including ETH/PEPE/DOGE, starting June 12. Among these, DOGE and XRP shorts had the highest unrealized profits, amounting to $2.48 million and $1.4 million respectively, while the HYPE short recorded an unrealized loss of $3.21 million.

Currently, 14 out of 16 short positions are in a profitable state, with a total position size of $57.5 million. Notably, funding fees of $2.275 million have been earned over the past three days.