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Andrew Kang’s wallet is on the move again. The Mechanism Capital co-founder just pushed his total holdings up to $84.21 million and closed his ETH short to go long. He’s already sitting on a floating profit of $720,000.
His recent moves have been pretty aggressive—he’s increased his ETH long position with 25x leverage to $28.88 million, and his ENA position with 10x leverage is up to $6.11 million. The most outrageous part is that he opened new positions in SOL, BTC, and HYPE all at once, pouring a total of $49.25 million into them.
Is he betting on a market rebound, or does he have some inside information? Judging by the size of his positions, he’s definitely all in on the market going up.