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Onchain Trader’s Profit Peaks at $9.04 Million as U.S. Stocks Fall

The trader had short positions in U.S. technology stocks and later cut its CHIP short while adding to a long position in SK hynix.

By Enna Lee
Published
A semiconductor chip catches red and green light across a dark surface. / TokenPost.ai
A semiconductor chip catches red and green light across a dark surface. / TokenPost.ai

An unidentified onchain trader holding the largest onchain short position saw its one-day profit peak at $9.04 million Thursday as U.S. stocks fell; it had also been shorting U.S. technology stocks.

The $9.04 million figure was a peak one-day profit, not a confirmed realized gain. Cumulative profit across the trader’s full trading period reached $18.64 million.

The trader had maintained U.S. technology stock shorts through the prior week after its positioning caught Google’s decline. On Friday, it reduced its CHIP short and added to a long position in SK hynix during the preceding hour.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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