COINOTAG reported on September 26, citing EmberCN monitoring, that a crypto whale who initiated a $4,718 short position on ETH two weeks ago continues to keep the trade open. According to on‑chain tracking, the position’s unrealized profit has expanded to approximately $9.1 million, reflecting marked‑to‑market gains recorded since the trade was established.
In a separate development, the same market participant added a new short on XPL about an hour ago, currently shorting 3.09 million XPL tokens at an entry price of $1.19. At that entry, the notional exposure of the XPL short is roughly $3.68 million, according to the monitoring data cited by COINOTAG and EmberCN.