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The "Meme Coin Shorting Syndicate" Profited $6.7M Monthly Shorting Over 20 Tokens, Continuing to Take Profit Today by Shorting PUMP and UNI

1 hours ago

On February 13th, data from HyperInsight monitoring (via https://t.me/HyperInsight) shows the "Shiba Inu Whale" address (0xa312...) closed part of its PUMP short position today to take profits, reducing its position by roughly $1.3028 million. After the reduction, the PUMP short position now stands at $1.6875 million, with $757,300 in unrealized profits and a 448.76% return rate. Meanwhile, the same address also closed part of its UNI short position today, bringing its current position to under $500,000. Its total account holdings are down 50% from last week’s peak as it continues to lock in profits. Additionally, the whale added to its LIT short position again today. The position now totals approximately $4.17 million, with $3.28 million in unrealized profits and an average entry price of $2.615. It remains the largest on-chain holder of LIT short positions.
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A trader rolled their short position on LIT, with an unrealized profit of $3.17 million

February 13 — Per The Data Nerd’s monitoring, a trader has continued to add to their LIT short position over the past hour. The address’s LIT short is currently up ~$3.17 million, with a 360% return on investment (ROI). Its total unrealized profit sits at roughly $9.39 million.

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An investor in Shanghai, China invested 1.05 million RMB in a cryptocurrency, encountered withdrawal issues on the platform, and sued for compensation. The court dismissed the claim.

**Shanghai Court Rejects Virtual Currency Investor’s Lawsuit, Orders Self-Bearing of Losses** A Shanghai court has ruled that a woman who lost over 1 million yuan (≈$146,000) to virtual currency (VC) trading will bear all her losses, rejecting her bid to recover funds via an unjust enrichment lawsuit. In November 2019, Ms. Wu was lured by a live-stream financial anchor to download an unregulated VC trading app. She invested a total of 1.05 million yuan, including an 80,000-yuan (≈$11,200) transaction with a man surnamed He. Later, she was locked out of the app and unable to withdraw her VC assets. In 2024, Ms. Wu reported the case to local police and filed a civil lawsuit against Mr. He, seeking the return of the 80,000 yuan. Mr. He countered that he was a member of a digital exchange, sold the VC USDT via open orders, never registered on Ms. Wu’s app, and the transaction was fully completed with no unjust gain. The Jing’an District People’s Court cited China’s Civil Code,

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Spot Silver Soars 5.00% Intraday, Now Trading at $79.04 Per Ounce

Feb 13 — Bitget market data shows spot silver surged 5% intraday, last trading at $79.04/oz.

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Ethereum Weekly Transactions Hit All-Time High, While Median Fee Drops to Historic Low

Per Token Terminal data as of February 13, Ethereum’s weekly transaction count has hit a record 17.3 million—while the median transaction fee has dropped to an all-time low, signaling scalability upgrades are working.

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Yesterday's US Ethereum Spot ETF saw a net outflow of $113.1 million, marking the second consecutive day of outflows

On February 13, data from Farside Investors showed the U.S. spot Ethereum ETF recorded a net outflow of $1.131 billion yesterday—marking its second straight day of net outflows.

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Yesterday, the US Bitcoin Spot ETF saw a net outflow of $410.2 million, marking the second consecutive day of large outflows

February 13: US spot Bitcoin ETFs recorded a net outflow of $410.2 million yesterday, per Farside Investors’ monitoring—marking the second consecutive day of large net outflows.

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