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Swing Trader PEPE Short Position Takes Profit of $1.21 Million, Yield Exceeds 105%
【Block Rhythm】A well-known swing trading address (0x880a) has recently taken new action. This high-frequency trading player executed a profit-taking move on their PEPE short position, reducing their holdings by 144 million PEPE tokens and cashing out $1.2169 million.
Even after partial profit-taking, this address still holds PEPE short positions worth $3.4299 million. The current unrealized profit is approximately $360,600, with a return rate of 105.14%. Interestingly, their average entry price and the current coin price are both around $0.01, with a liquidation line set at $0.051.
The biggest characteristics of this address are high frequency, multiple tokens, and aggressive moves. Each trade averages only 20 hours, showing no delays. Starting from October last year, with a capital of $20 million, they have accumulated nearly $100 million in profits. Such achievements are indeed rare in the swing trading circle. Many are paying attention to the next move of this account, as such trading skills and risk control levels are still valuable references for other traders.