Smart money SM2b00 made $22 million on $13.29 billion of trades. Now it holds 15 shorts
SM2b00 is No. 4 on DeepSea's 7-day board at +$10.26 million. Its biggest bets are against ETH, SOL and HYPE, and CoinGecko prices show most of them in profit.
Key points
- SM2b00 shows +$10.26 million over 7 days and +$22.02 million over 30 days on $13.29 billion of volume, a profit of about 0.17% of what it traded.
- Its page lists 20 open positions worth $47.31 million: 15 shorts ($41.60 million) and 5 longs ($5.71 million). The paper profit adds up to about $1.34 million.
- Its 90-day profit, +$11.68 million, is smaller than its 30-day profit, so it was down about $10.3 million in the two months before.
What DeepSea's data shows
DeepSea's Smart Money board ranks wallets with strong trading records by profit. At about 12:37 a.m. ET on November 10, SM2b00 was No. 4 over seven days at +$10.26 million on $89.98 million in assets. It trades perpetual futures (contracts with no expiry date) on Hyperliquid.
Its trader page shows $13.29 billion of volume in 30 days for +$22.02 million of profit. Over 90 days the figure is +$11.68 million and over 180 days +$22.46 million.
The page lists 20 open positions worth $47.31 million. Fifteen are shorts, bets that a price falls, worth $41.60 million. The biggest: ETH $10.06 million (15x leverage), SOL $7.36 million (20x), HYPE $7.04 million (3x), LINK $3.61 million and ZEC $2.08 million. The five longs, worth $5.71 million, include PAXG (gold) at $1.64 million and TRX at $1.41 million. Unrealized profit (paper gains on open trades) adds up to about +$1.34 million, led by SOL (+$439,700), HYPE (+$234,700) and CASHCAT (+$202,400).
Holdings include $13.09 million in USDC and 78.99 UBTC (bitcoin on Hyperliquid) worth $5.91 million. Its latest trades were small orders in stock, oil and gas markets.
Data: DeepSea (desea.io), checked November 10, 2026, 12:45 a.m. ET.
Checked against market prices
We compared DeepSea's entry prices with CoinGecko at 12:50 a.m. ET. SOL traded at $86.29, about 5.6% under the short's $91.37 entry. HYPE was at $75.18, under its $77.48 entry, and AAVE at $127.16, under $132.50. Those three match the gains DeepSea shows.
The ETH and BTC shorts sit near break-even: ether at $2,126.20 and bitcoin at $74,847, close to entries of about $2,100 and $74,800. On the long side, PAXG at $4,109.19 is above its $4,000 entry, in line with a small gain.
We could not open Hyperliquid's API or explorer in this run, so positions rest on DeepSea's page, with CoinGecko as the outside check.
SM2b00's five largest open positions
US$ million
November 10, 2026, about 12:45 a.m. ET. Source: DeepSea trader page SM2b00.
New to perps? What the terms mean
A long is a bet that a price rises. A short is a bet that it falls. On Hyperliquid both are perpetual futures, contracts that track a coin's price and have no end date, so a trader can hold them as long as the money behind them lasts.
Leverage multiplies the bet. At 20x, the trader's own money, called margin, controls a position 20 times its size. That is why a small move against the trade eats a large slice of the margin. If losses use up the margin, the exchange closes the position. That is called a liquidation.
Unrealized profit is the gain on open trades at current prices. It becomes real only when the trade is closed, and it can shrink or flip if prices move. Volume is the total value of every trade, counted each time. A fast trader who opens and closes positions many times a day can run up billions of volume on far less money, which is how SM2b00 traded $13.29 billion with $89.98 million in assets.
What could go wrong
At 20x, a 1% rise in SOL costs about 20% of the margin behind that short. DeepSea does not show liquidation prices, and the page may not list every position. We do not know who runs the wallet.
LC Insight analysis
This section is our reading of the facts above, not a statement of fact.
- We think the volume is the story: $13.29 billion in a month for $22 million suggests very fast, high-turnover trading, where small edges add up.
- The book leans hard to the short side, almost 7.3 to 1 by value, which pays if crypto keeps drifting lower and hurts on a sharp bounce.
- The 90-day figure is a reminder that a strong month can follow a weak stretch. Leaderboard rank says little about the next month.
What's next
- Whether SM2b00 closes the SOL short near its 5.6% gain or adds to it
- Whether the ETH and BTC shorts, now near entry, move into profit or loss
- Whether it holds No. 4 as the 7-day window rolls forward
Disclaimer. This article is based on public information and the sources listed below as of the update time shown. It is for information only and is not investment, legal or tax advice. Figures may change as companies and authorities publish new data.
Sources
- DeepSea, Smart Money leaderboard, 7D (read November 10, 2026, 12:37 a.m. ET)
- DeepSea, trader page SM2b00: PnL, holdings, open positions (read November 10, 2026, 12:45 a.m. ET)
- CoinGecko, Solana (SOL) price (read November 10, 2026, 12:50 a.m. ET)
- CoinGecko, Hyperliquid (HYPE) price (read November 10, 2026, 12:50 a.m. ET)
- CoinGecko, Aave (AAVE) price (read November 10, 2026, 12:50 a.m. ET)
- CoinGecko, PAX Gold (PAXG) price (read November 10, 2026, 12:50 a.m. ET)
