The Altcoin Shorter (anonymous): trade history, replayed
GMX At most ~$33K in, ~$166K net, mostly from shorting altcoins
An anonymous GMX wallet on Arbitrum. Nobody has publicly claimed it, so the name is our nickname, not an identity. From December 2024 to July 2026 it traded 348 positions in 83 markets; 289 of them were shorts, mostly on altcoins such as GMX, NEAR, TAO, ONDO and CRV, and the shorts made about $146K of its profit. GMX's own statistics put the most capital it had in at once at about $33K; after fees it made about $166K. It traded much less after March 2026. It was found by screening GMX's public leaderboard on profit after fees, so it is one of the few that made it, not a typical result.
The record at a glance
- Trades
- 348
- Period
- 2024-12-05 → 2026-07-23
- Win rate
- 62.9%
- Net P&L
- +$166K
- Biggest win
- +$19.9K
- Biggest loss
- −$17.7K
- Without the 5 best trades
- +$87.1K
- Long / short
- 59 long · 289 short
- Median holding time
- 3.4 d
- Most traded
- GMX (16) · NEAR (15) · TON (12) · VIRTUAL (12) · S (12)
Trading style, from the data
Computed from all of the trades. These describe what the record shows; the record contains no information about the trader's intentions, so anything about motives is inference, not the trader's own rule.
What stands out
- High win rate, small winners. 62.9% of trades are profitable, but the average win is only 0.9× the average loss; a few large losses can undo many small gains.
- Winners and losers are held for similar times (median 71.2 h vs 3.9 d).
- Short trades netted +$146K; long trades +$19.0K.
- The strongest holding-time range is over 7 days (+$76.0K).
- Average win
- +$2.2K
- Average loss
- −$2.5K
- Average win ÷ average loss
- 0.90
- Median hold, winners
- 3.9 d
- Median hold, losers
- 71.2 h
- Best 10 trades' share of all gains
- 26%
- Median fills per position
- 2
By holding time
| Trades | Win rate | Net P&L | |
|---|---|---|---|
| Under 1 hour | 4 | 25% | −$44 |
| 1 hour to 1 day | 62 | 63% | +$40.7K |
| 1 to 7 days | 184 | 59% | +$48.9K |
| Over 7 days | 98 | 72% | +$76.0K |
Long vs short
| Trades | Win rate | Net P&L | |
|---|---|---|---|
| Long | 59 | 51% | +$19.0K |
| Short | 289 | 65% | +$146K |
By quarter
| Trades | Win rate | Net P&L | |
|---|---|---|---|
| 2024 Q4 | 20 | 70% | +$55.0K |
| 2025 Q1 | 71 | 65% | +$53.9K |
| 2025 Q2 | 58 | 67% | +$51.5K |
| 2025 Q3 | 69 | 54% | −$29.5K |
| 2025 Q4 | 95 | 61% | +$33.6K |
| 2026 Q1 | 34 | 74% | +$18.7K |
| 2026 Q2 | 1 | 0.0% | −$17.7K |
Most traded markets
| Trades | Win rate | Net P&L | |
|---|---|---|---|
| GMX | 16 | 69% | +$1.5K |
| NEAR | 15 | 60% | +$1.9K |
| TON | 12 | 67% | +$27.7K |
| VIRTUAL | 12 | 58% | +$3.1K |
| S | 12 | 83% | +$16.4K |
| EIGEN | 11 | 45% | +$7.1K |
Notable trades
Biggest wins
| Opened | Market | Side | Net P&L | Held | |
|---|---|---|---|---|---|
| 2024-12-10 | TON | Short | +$19.9K | 8.9 d | Replay #4 Free |
| 2024-12-10 | TIA | Short | +$18.2K | 8.0 d | Replay #8 Free |
| 2024-12-05 | ADA | Short | +$13.8K | 4.4 d | Replay #2 Free |
| 2025-01-06 | WLD | Short | +$13.3K | 40.6 h | Replay #29 Free |
| 2025-07-31 | CRV | Short | +$13.2K | 52.9 d | Replay #174 Pro |
Biggest losses
| Opened | Market | Side | Net P&L | Held | |
|---|---|---|---|---|---|
| 2026-06-25 | WTIOIL | Short | −$17.7K | 28.0 d | Replay #348 Pro |
| 2024-12-20 | WLD | Short | −$15.6K | 17.3 d | Replay #14 Free |
| 2024-12-10 | XRP | Short | −$15.1K | 50.4 h | Replay #5 Free |
| 2025-07-07 | LINK | Short | −$11.7K | 8.8 d | Replay #155 Pro |
| 2025-07-11 | CRV | Short | −$11.2K | 4.8 d | Replay #158 Pro |
Free shows a sample of each trader's trades. Pro unlocks every trade and full diagnostics.
About the data
Every executed position order of the wallet on GMX v2 (Arbitrum), read from GMX's public data index and rebuilt into positions; each position's orders chain together without gaps, every position is closed, and the totals match GMX's own statistics. Position fees, borrowing fees and funding paid are included; funding received is not. 40 positions are in markets without a chart source and are listed without a chart.
Check it on-chain yourself
Every GMX position change is a public transaction on Arbitrum, and we cannot change it. Look up the address below on Arbiscan or the GMX app; the trades and profit should match this page.
Wallet address0xc5eaa9c3114160fe869af518eac993aaef6e5e46
GMX account page → · Arbiscan →
| First trades | What | Transaction |
|---|---|---|
| 2024-12-05 10:47 UTC | Opens a TON short (about $62K notional) | 0x63d1894f…331ed0 |
| 2024-12-05 10:53 UTC | Closes part of it | 0x7459da53…0944e6 |
GMX has no account deposits: collateral goes straight into each position. The capital figure is GMX's own statistic for the most collateral this wallet had in positions at once (33,164 USD), so the return on this page is net profit divided by that peak, not by deposits.
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