A trader opened a short position of 28.85 million CHIPs in the past 3 hours and also holds a short position in xyz:SP500 contracts.

CoinFeed reported on April 22 that, according to Lookonchain, address 0x5c26 is shorting CHIP, a token newly listed yesterday. In the past three hours, it has established a short position totaling approximately 28.85 million CHIP, with a notional value of approximately $2.43 million. Simultaneously, this address also holds 1,400 short contracts of xyz:SP500, with a notional size of approximately $9.94 million.