「Iron Hands Airforce」 Whale Repeatedly Rebalances PUMP Short Position, Current Unrealized Loss Approximately $23.71 Million

BlockBeats News, September 11th, according to HyperInsight monitoring, the "Iron Head Army" address starting with 0x880ac made three significant position adjustments to its largest short position within two hours: first reducing by 25.024 million tokens, then by 13.022 million tokens, and finally increasing by 2 million tokens, resulting in a net reduction of 35.046 million tokens. After these three transactions, the net increase in position value was approximately $1.0939 million; the short position currently has an unrealized loss of about $23.717 million, with a liquidation price of around $0.0077.

In previous reports, within a day, the same address had frequently adjusted its short position during a PUMP event, with a total of 12 reductions and 1 addition; the net reduction exceeded 14,000 tokens. The unrealized loss increased from $18.7349 million to $23.717 million. According to monitoring, this whale has been continuously shorting multiple cryptocurrencies for nearly a month, with the top three short positions being: PUMP $56.369 million, SOL $42.269 million, LINK $14.622 million.