BlockBeats News, January 20 — According to HyperInsight monitoring, the whale known as “20 Million Wave Hunter” (0x880a…) has been continuously taking partial profits on its SOL short positions over approximately half an hour. In two transactions, it reduced its SOL short holdings by a total of 17,841.27 SOL, worth about $2.369 million.
The address first reduced its position by 9,871.05 SOL (approximately $1.353 million) at 17:00, realizing an unrealized profit of about $501,000; then at 18:00, it reduced another 7,970.22 SOL (approximately $1.016 million), realizing an unrealized profit of about $389,000. The return rates for both profit-taking operations exceeded 106%. After completing this round of profit-taking, its SOL short position size has decreased to approximately $4.008 million.
This address is known for high-frequency, multi-asset swing trading, with an average holding time of about 20 hours. Since October last year, with an initial capital of approximately $20 million, it has accumulated nearly $100 million in profits.
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