Penny-pincher on monitoring: how the Shiba Inu fishing address accumulated over $56 million in short positions

A major player in the meme token market continues to ramp up short positioning activity, firmly establishing itself as the most aggressive short seller on the Hyperliquid platform. According to Coinbob Popular Address Monitor, over the past two months, this address has expanded its positions by over $25 million, bringing the total short portfolio to a critical level of $56.5 million.

Activity on Three Fronts

An hour ago, a new wave of activity emerged: the meme coin giant added approximately 2024 ZEC (about $920,000 at the current quote of $411.58), increasing pressure on Zcash. Following this move, the short position in ZEC reached $1.51 million with an average entry price of around $480, generating an unrealized profit of about $94,000.

But it doesn't stop with ZEC. Over the last night and this morning, the same player intensified activity on BTC and DOGE. Short positions in Bitcoin currently amount to about $8.2 million with an average entry price of $91,800, while Dogecoin accounts for approximately $1.62 million at a price level of $0.14.

From $20 Million to $56.5 Million in Two Months

The most impressive aspect is the pace of accumulation. Since November of this year, the address has systematically increased its meme token portfolio, controlling short positions in more than 20 different assets. The initial portfolio size was about $20 million, but through a consistent strategy of adding and opening new short positions, the total volume has tripled.

Extraordinary Profitability

The collective short-selling strategy has yielded outstanding results: over the past year, accumulated profits have exceeded $80 million, making this address the largest short seller of the LIT token on Hyperliquid. Such consistent profitability indicates a clear understanding of meme token market dynamics and the ability to anticipate corrective movements.