Andrew Kang’s address
Andrew Kang’s associated address has shorted 22,271 $ETH using 25x leverage, amounting to roughly $86.74 million. This significant position reflects a bold strategy in the cryptocurrency market. Shorting involves borrowing assets to sell them at current prices, hoping to buy them back at lower prices later. The leverage amplifies both potential profits and risks, making this move particularly noteworthy. The total value of the short position indicates a substantial bet against the price of Ethereum.
