Smart Money Shorts Achieve Total Profit of $18.8 Million, Establishing 20x Leverage Short Positions on ETH and SOL

According to on-chain data tracking platform Lookonchain, an active wallet address starting with 0x152e has recently opened new short positions, targeting Ethereum and Solana, two major cryptocurrencies. This move has once again set a new record for the address’s total profits, surpassing $18.8 million.

New Position Size Hits Record High, Leveraged Short Betting Fully Engaged

Based on on-chain data, this smart money address has established two 20x leveraged short positions: short 21,838 ETH (valued at approximately $50.9 million at the latest price of $2.33K) and 227,635 SOL (valued at about $21.4 million at the latest price of $94.13). The scale of these positions indicates the address’s cautious outlook on the recent trends of these two tokens.

From on-chain monitoring data, this is not an isolated move but part of multiple bearish strategies by this wallet. The actions of smart money often reflect the genuine market judgment of professional investors, and such large-scale short positions tend to attract close attention from market participants.

Past Operations Show Significant Results, Total Profits Reach $18.8 Million

It is worth noting that this address has a notable history of successful shorts. Prior to this new position, its earlier short trades had already contributed approximately $7.2 million in profits. Combined with the latest short gains, the total profit for this address has now reached $18.8 million, demonstrating its precise market timing amid volatility.

This level of profit places it among top-tier on-chain operators and confirms the effectiveness of professional funds engaging in leveraged short selling. However, high leverage also involves high risks, and any sharp market fluctuations can quickly alter the profit and loss status of these positions.