PANews reported on October 17th that according to an address monitored by MLM, a wallet suspected to be associated with Mechanism Capital partner Andrew Kang is currently shorting 22,271 ETH with 25x leverage, equivalent to approximately $86.35 million, at an average price of $3,926.95, with a current floating profit of $1.17 million. Furthermore, the address holds a short position in Sol (SOL) worth $5.67 million and a long position in ENA worth $584,000.