Data: The "20 million swing trader" closed out his PEPE short position with a profit of approximately $1.2 million, netting over $360,000.

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A trader known as '20 Million Swing Trader' closed part of a PEPE short position, securing about $1.2 million in profit and leaving a $3.4 million position with a 105% return. This move adds to their track record of high-frequency trading success.

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PepeY42PEPEswing tradingcryptocurrencyprofit-takingshort position
According to Mars Finance, HyperInsight monitoring shows that the address (0x880a) labeled "20 Million Swing Trader" executed a profit-taking operation on its PEPE short position, reducing its short position by 144 million PEPE tokens, worth approximately $1.2169 million. After this partial profit-taking, its PEPE short position still holds approximately $3.4299 million. The current floating profit of this position is approximately $360,600, with a return of 105.14%. The average holding price and the current PEPE price are both approximately $0.01, and the liquidation price is $0.051. This address is known for its high-frequency, multi-currency swing trading style, with an average holding time of approximately 20 hours. Since October of last year, it has accumulated profits of nearly $100 million from an initial capital of approximately $20 million.

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