This one’s a rough ride so far 😅 trader 0x5c26 went pretty aggressive trying to fade $CHIP right after listing, stacking a 30M #CHIP short (~$3.46M) at around $0.081, but price pushed up to about $0.115, leaving him sitting on roughly a $1.02M unrealized loss (-88%) already. liquidation is still a bit far at ~$0.179, but the position is definitely under pressure. at the same time, he’s also holding a 1,400 contract short on xyz:SP500 (~$9.94M) with entry near $7,063 and price now slightly above that, putting him down another ~$60K there.

so overall, he’s fully short across the board--about $13.4M in positions, all leaning bearish, and currently down around $1.07M. it’s basically a double bet on the market cooling off, but right now momentum is going the other way, and both trades are feeling it.
address:
0x5c26dfc723e7a1da7b6c3bd5cbd72716d09425c2