A whale has shorted 16 meme coins with a floating profit of $9.01 million. They have already added $2.5 million as collateral to increase the liquidation price.

BlockBeats News, June 23rd, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a whale who was shorting 16 meme coins deposited 2.5 million USDC into Hyperliquid 2 hours ago, further pushing up the liquidation price of a basket of tokens.

Later, the whale closed some of their short positions for PEPE and XRP, reducing the overall position size to $46.38 million. They are still actively setting take-profit orders, with profits reaching as high as $13.68 million in the past month. Currently, their short position on the meme coin basket is still unrealized with $9.01 million in profit.