Whale Adjusts PUMP Short Positions Amid Losses

According to BlockBeats, the address starting with 0x880ac, known as 'Iron Head Air Force,' made significant adjustments to its PUMP short positions within two hours. The address reduced its position by 25.024 million tokens, then by 13.022 million tokens, and finally increased by 2 million tokens, resulting in a net reduction of 35.046 million tokens. Following these transactions, the net increase in position value was approximately $1.0939 million. However, the current unrealized loss on this short position is around $23.717 million, with a liquidation price of approximately $0.0077. Previously, this address had frequently adjusted its PUMP short positions within a single day, with 12 reductions and one addition, leading to a net reduction of over 14,000 tokens. The unrealized loss expanded from $18.7349 million to $23.717 million. Monitoring data indicates that this whale has been consistently shorting multiple cryptocurrencies over the past month. The top three short positions currently are PUMP at $56.369 million, SOL at $42.269 million, and LINK at $14.622 million.