The crypto trader known as "20M Bandit Hunter" has closed short positions in HYPE and XPL, achieving a weekly profit of $30.5 million. The address, identified as 0x880a, is the largest HYPE short whale on Hyperliquid, with a short position valued at approximately $38.2 million. The trader's portfolio has expanded from $110 million to $149 million over the past ten days, with significant positions in ETH, BTC, and SOL. The trader's strategy includes high-frequency, multi-coin swing trading, with an average holding period of 20 hours. Since October, the address has generated nearly $100 million in profits from an initial capital of $20 million. Despite a temporary decline in unrealized profits due to a price increase, the trader maintains about $9.5 million in unrealized gains.
"20M Bandit Hunter" Closes HYPE, XPL Shorts, Nets $30.5M Weekly Profit
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