「On-Chain Shareholder」 Gold Short Position Reaches $40 Million, Also Shorting ETH Against SOL Exchange Rate for Continued Profits

February 11 — According to Coinbob Popular Address Monitoring, the largest on-chain gold short whale (address: 0xfc66..., nicknamed "On-chain Stockholder") recently held ~$80M in short positions across various on-chain stocks and commodities, plus ~$40M in crypto positions (ETH, SOL, etc.). The address has realized ~$12.7M in profits this month. Over the past few days, the whale has continued to boost its PAXG (on-chain gold) short position, growing from $24.9M to $30.3M. Its short position in GOLD (tokenized gold asset) has also held steady at ~$10.5M. Notably, the whale has built a ~$36M short position on the "ETH/SOL exchange rate" by shorting ETH and longing SOL simultaneously—this position has already generated significant unrealized profits. Current key holdings: - 5x PAXG: ~$30.3M position, avg entry $4974, ~$520k unrealized loss - 20x ETH: ~$18.8M position, avg entry $2043, ~$270k unrealized gain - 20x SOL: ~$18M position, avg entry $80.6, ~$610k unrealized gain - 5x GOLD: ~$10.5M position, avg entry $4858, ~$410k unrealized loss The address focuses exclusively on on-chain crypto asset contract trading. Since January 8, it has repeatedly reduced high-leverage short positions in ETH, BTC, and SOL, while gradually increasing on-chain stock holdings (growing ~$80M in January). Recently, some funds have flowed back into the crypto market.