A certain whale is currently shorting altcoins with a floating loss of $12.48M.

According to on-chain analyst Ai Yi @ai_9684xtpa's monitoring, the wallet address that "once leveraged $2.82M to arbitrage 14.81M $USDe" recently opened mixed long and short positions on Hyperliquid. The long positions only include $BTC and $AAVE, while the remaining 26 currencies are short positions. Currently, only 38% are in a floating profit state, with a cumulative floating loss of $12.48M, of which $XRP alone has a loss of $9.00M. [Odaily]