Two Whale Addresses Short CHIP, Resulting in a Combined Loss of Nearly $3 Million
BlockBeats News, April 23rd, according to Onchain Lens monitoring, Whale '0x5C2' opened a 3x short position on CHIP in the past 24 hours, currently facing a floating loss of over $1.7 million.
Another whale '0x0ee' deposited $1.9 million USDC into Hyperliquid and made its initial trade on CHIP, earning $323,000 in a long position, then being partially liquidated during a short position, ultimately closing the position with a loss of over $1.26 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Big short Burry increases short positions on Micron and Nebius, with the logic that "memory supply surge will put downward pressure on prices"
Michael Burry has dramatically increased his short positions on Micron, Palantir, and semiconductor ETFs, stating that the scale is “quite large.” His main reasoning is that Samsung, SK Hynix, and Micron squeezed their conventional DRAM production to meet AI-driven HBM demand, resulting in a shortage; however, with production capacity now ramping up, the Damocles sword of oversupply is hanging over the market. The inventory warning from Acer’s CEO has further convinced him that the memory cycle has already peaked.
Colorpak Indonesia announces extraordinary shareholder meeting
Crypto prices
More
