PANews reported on May 9th that, according to AiYi , a whale account that previously profited approximately $ 86.36 million by shorting a basket of altcoins is now experiencing a floating loss of about $ 4.06 million on its 29 short positions. The account shorted 28 altcoins including ZEC , TON , NEAR , and LIT , as well as crude oil futures contracts (CL) , with a total position value of approximately $ 47.66 million, and continued to add to its positions. Its holdings were still showing a profit before May 4th , but subsequently turned negative due to the overall market rally driven by expectations of the war ending.