Whale partially takes profit on the MON short position, earning $620,000 per trade

2026-01-12 08:08:25

【Blockchain Rhythm】On January 12th, a well-known whale address made a major move. This big player, known in the community as the “ZEC largest short seller,” partially reduced their short position on MON.

Specifically, in this move, they reduced their short position by approximately 44.75 million MON, worth $1,468,600. Sounds like a lot, right? More importantly, they took a profit of $621,200 this time, with a return of 42.21%. They bought at an average price of just $0.03, and now the liquidation price has reached $0.243, making the leverage effect quite significant.

Interestingly, this guy has a story in the crypto market. He started shorting ZEC when the price was at $184, and at one point, his unrealized loss reached $21 million. In the end, he managed to turn the loss into profit. Now, he still holds large short positions on ETH and MON, seemingly sticking to his logic. This round of MON operation is probably just a small adjustment based on his market judgment.

MON-4,56%

ZEC2,02%

ETH0,54%

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ParanoiaKing

· 8h ago

42% return? This guy is really incredible. Turning a floating loss of 21 million into profit? His mental resilience is unmatched.

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OffchainOracle

· 8h ago

Wow, entered at 0.03, and went straight to an 8x short? This guy's mental toughness is incredible. Holding on through a floating loss of 21 million and waiting for a reversal—I need to learn from this.

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MerkleTreeHugger