"Special Empty New Coins" traders are taking low-leverage short positions on MEGA, with a floating profit of 27%, continuously entering short positions at high points on popular new coins.

BlockBeats News, February 3rd, according to Coinbob Hot Address Monitoring, shows that the “Short New Coins” trader (0x263) shortly after the MegaETH (MEGA) pre-market futures contract went live on Hyperliquid, opened a 1x leveraged short position at an average price of approximately $0.214. As unrealized profits increased, the address has increased leverage to 2x, currently with an unrealized profit of about 27%, a position size of approximately $30,000, and a liquidation price of $0.367.

This trader prefers to short new popular coin contracts with appropriate low leverage at the initial launch, having previously entered short positions early on in projects like PUMP, MON, LIT, and others, all of which yielded considerable returns.