Shorting Strategy Pays Off Again: MEGA Position Yields 27% Profit
Data disclosed by Coinbob's tracking platform on February 3 revealed that the trader with address 0x263 initiated a low-leverage short position on MegaETH (MEGA) at around $0.214 shortly after its listing on Hyperliquid.
The position has since been scaled up to 2x leverage, now representing a $30,000 exposure with approximately 27% unrealized profit. The liquidation price remains at $0.367, providing ample safety margin.
Specializing in Early-Stage New Coin Shorts
This trader has consistently focused on strategic short entries during the initial phase of new coin launches, preferring conservative leverage for better risk management. Similar approaches have previously delivered profitable outcomes on projects like PUMP, MON, and LIT.
- Targets shorting opportunities in newly launched tokens
- Initial leverage maintained around 1x
- Dynamic leverage adjustments based on market behavior
- Strong emphasis on capital preservation