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

BlockBeats News, January 15th, according to HyperInsight monitoring, the address identified as the "20 Million Bandit" (0x880a) executed a take-profit operation on its PEPE short position, reducing 144 million PEPE shorts, worth approximately $1.2169 million.

After this partial profit-taking, its PEPE short position still holds about $3.4299 million. The current floating profit of this position is approximately $0.3606 million, with a return rate of 105.14%. The average holding price and the current price are both around $0.01, with a liquidation price of $0.051.

This address is known for its high-frequency, multi-currency arbitrage trading style, with an average holding time of about 20 hours. Since October last year, with approximately $20 million in principal, it has accumulated profits of nearly $100 million.