"The '20 Million Bandit' PEPE Short Position has a take-profit level of approximately $1.2 million, with profits exceeding $360,000"

On Jan 15, HyperInsight monitoring (via its Telegram channel @HyperInsight) revealed that the address tagged the "20 Million Bandit" (0x880a) executed a partial take-profit on its PEPE short position: it reduced its PEPE shorts by 144 million tokens, worth ~$1.217 million. After this move, the address still holds ~$3.43 million in PEPE short positions. The position’s current floating profit is ~$360,600, with a 105.14% return rate. Its average holding price and PEPE’s current price both hover around $0.01, while the liquidation price is $0.051. Noted for its high-frequency, multi-currency arbitrage strategy, the address has an average holding time of ~20 hours. Since last October, with ~$20 million in initial capital, it has racked up nearly $100 million in profits.