According to @ai_9684xtpa, a well-known $PIPPIN short nicknamed Mystery Small K Line is still holding the position with unrealized losses exceeding $2.843M, excluding hourly funding fees that are estimated in the millions, source: x.com/ai_9684xtpa/status/2007721536766263388. On Jan 2, PIPPIN briefly dropped to $0.35 and rebounded to $0.4883 today, source: x.com/ai_9684xtpa/status/2007721536766263388. The short campaign reportedly started on Nov 22, 2024 and has run for 45 days, with funding mostly negative since Nov 30, source: x.com/ai_9684xtpa/status/2007721536766263388. The Binance derivatives live panel for this trader shows a cumulative loss of $4.945M and a one-month PnL curve trending down, source: binance.com/zh-CN/smart-money/profile/4736946588198249472?rankingType=PNL&timeRange=24h. Price action printed an intraday wick to $0.7661, source: x.com/ai_9684xtpa/status/2007721536766263388. The short reportedly holds about 14.6M tokens with an average entry of $0.2913, avoided liquidation due to sufficient margin, and posted a sudden loss increase of $6.068M between 15:00–19:00, source: x.com/ai_9684xtpa/status/2007721536766263388 and binance.com/zh-CN/smart-money/profile/4736946588198249472?rankingType=PNL&timeRange=24h. The trader stated on Binance Square that they will neither close nor add to the position, source: x.com/ai_9684xtpa/status/2007721536766263388. Key trading levels cited include $0.35 (recent low), $0.4883 (current rebound), and $0.7661 (wick high), source: x.com/ai_9684xtpa/status/2007721536766263388.