An address that went long on a basket of altcoins is currently experiencing a paper loss of $4.06 million.

According to Odaily Planet Daily, monitoring by on-chain analyst Ai Yi, an address (0xa2c...3126) that went long on a basket of altcoins has seen its unrealized losses widen to $4.06 million. Of the 22 tokens in its portfolio, only LINEA is currently showing a profit, while the rest are in the red. The largest position, HYPE, valued at $4.64 million, has an unrealized loss of $1.303 million.