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OG whale… or just stubbornly bullish? 👀 This 2017-era wallet (0xead…E9D55) is going all-in on one narrative--and it’s starting to hurt.
Right now, he’s holding 37 altcoin positions, with 40 of them long and only two shorts ($VVV and $MON ). That’s basically a full-market bet that everything goes up. Total exposure sits around $49.6M, but he’s already down about $6.22M unrealized.
No hedging, no balance… just pure bullish conviction across the board. And the bigger concern is this isn’t a one-off mistake. His cumulative PnL on Hyperliquid is already down over $15M. So this “bullish king” approach hasn’t exactly been working lately.
That’s what makes it interesting -- is this confidence from experience… or refusal to adapt?
Because going almost 100% long on alts in a volatile market isn’t just conviction--it’s exposure to everything that can go wrong at once.
Here is his address:👇
0xeadc152AC1014acE57C6b353F89adF5FaFfE9D55
Sometimes OG status means patience and discipline…but sometimes it just means holding onto a bias a bit too long.