PANews reported on January 4th that, according to @ai_9684xtpa, the PIPPIN short seller known as "Mysterious Little K-line" has held his position for 45 days since opening it on November 22nd, 2024, currently showing a paper loss of $2.843 million. Including high-frequency trading fees, the total loss reaches a staggering $4.945 million. During this period, PIPPIN briefly fell to $0.35 before rebounding to $0.4883, and since November 30th, it has experienced negative funding rates for most of the time, indicating significant pressure from the position.