A short position in PIPPIN suffered a sudden increase in unrealized losses of $6.068 million due to a brief price drop.

According to Odaily Planet Daily, on-chain analyst Ai has detected that a PIPPIN short seller, identified as "Mysterious Little K Line," holds approximately 14.6 million tokens with an average opening price of $0.2913. He is likely the largest stubborn short seller. Fortunately, he had sufficient margin; otherwise, the recent price spike would have forced him to liquidate. Binance Futures Smart Money data shows that his losses suddenly surged by $6.068 million between 3:00 PM and 7:00 PM.