'20 Million Swing Trader' Takes Profit on PEPE Short Position, Worth Approximately $1.2 Million, with Over $360,000 in Profit

BlockBeats News, January 15, according to monitoring by HyperInsight, the address labeled as '20 Million Swing Trader' (0x880a) executed a take-profit operation on its PEPE short position, reducing its short position by 144 million PEPE tokens, valued at approximately $1.2169 million. After this partial take-profit, the address still holds a PEPE short position worth approximately $3.4299 million. The current unrealized profit on this position is approximately $360,600, with a return rate of 105.14%. The average entry price and the current token price are both around $0.01, with a liquidation price of $0.051. This address is known for its high-frequency, multi-token swing trading style, with an average holding period of about 20 hours. Since October last year, it has turned an initial capital of approximately $20 million into nearly $100 million in cumulative profits.