Trader 0x5c26 is shorting yesterday's newly listed token $CHIP.

Over the past 3 hours, he has opened a short on 28.85M $CHIP($2.43M).

He also holds a 1,400 xyz:SP500($9.94M) short.

https://t.co/bvYHBkIED9

For the first time in my life, I decided to hedge my ICO allo on pre-market

99% of pre-markets are overvalued

Token always dumps on TGE

I was certain the hedge made sense in the current market environment

$CHIP MM had different plans

-$10,500
-$550 (funding)…