Teenage Trader's Aggressive Bet on PONS and SNDK Sparks Attention

TradingBeats data shows that a prominent trader, known as 0xRay518, has been aggressively buying and selling several cryptocurrencies in recent days. Specifically, the trader has been adding to their positions in PONS and SNDK, while also holding significant amounts of Bitcoin.

The 0xRay518 address currently holds 1346 million dollars' worth of SNDK 10 times leveraged short position and 362 million dollars' worth of PONS 3 times leveraged short position. This makes them the second-largest holder of short positions on Hyperliquid, according to public data.

It's worth noting that 0xRay518 has a notable trading history, having started their investment journey at just 14 years old with an initial 3000 dollars' worth of capital. They made headlines in 2021-2022 for earning significant profits through NFT and Arbitrum air drops.

However, it's also reported that the trader faced a major loss due to high leverage, which nearly wiped out their entire portfolio at one point.