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20 million Wave Hunter closes all positions on HYPE and XPL short-term trades in the 1-hour timeframe, with a floating profit of $550,000
【Blockchain Rhythm】 Just discovered yesterday that the activity during this one-hour period on January 15th is quite interesting. An address called “20 Million Wave Hunter” (0x880a) reduced its short positions in HYPE and XPL in a short period of time. This move directly locked in a floating profit of $550,000.
This trader employs a typical aggressive approach—likes to use high leverage for short-term trading, entering and exiting quickly. Looking at their historical performance, they have a total profit of $92.75 million across all cycles, indicating that they are not an ordinary small retail trader but a skilled trader with a clear strategy. This quick closing of short positions may have been to immediately realize gains after catching a rebound opportunity, a classic wave trading logic.