From "hedging wash trading" to "shorting in trend": Pacifica traders double their principal and earn platform points simultaneously

BlockBeats News, December 16 — According to official data from Pacifica, since the launch of the Pacifica points activity, many traders have been building positions on the Pacifica platform, accumulating points while seeking market profits. In the early stages of the incentive program, active addresses on the trading leaderboard mainly engaged in volume manipulation, completing trade volume accumulation by shorting relatively weak coins and going long on relatively strong coins, without focusing heavily on market direction. Recently, as the market declined, coins previously considered “relatively strong” experienced significant drops, causing some volume-manipulating traders on the leaderboard to incur losses. Against this backdrop, traders have shifted to mainly shorting mainstream coins like BTC and ETH to generate trading volume and align with market trends. Current holdings of addresses on the profit leaderboard show that volume-manipulating addresses tend to be bullish on BNB and ZEC, while there are significant long-short disagreements on coins like ETH and HYPE. A high-frequency trader address (HCAKp) has shorted accordingly and currently holds short positions in ETH, BTC, and XRP, with an overall floating return rate of nearly 200%. Additionally, this address has been actively trading since October, doubling its principal and achieving a profit of approximately $44,000, while simultaneously reaching about $10.7 million in trading volume. Based on analysis of user Ron (X account Ron521520) on X, this address could potentially accumulate around 4,200 points through this trading volume. Users can now follow high-frequency traders using the on-chain data analysis and copy-trading tool designed specifically for Pacifica, Coinbob Pacifica (@CoinbobPACbot), replicate their trading strategies, and earn trading points in sync, preparing for potential airdrop opportunities.