Whale Deposits $6.3 Million USDC into Hyperliquid, Opens $49 Million HYPE Short Position

A whale address "0xf822" has deposited $6.3 million USDC into Hyperliquid and opened a 3x leveraged short position on HYPE. Currently, it holds approximately 692,200 HYPE short positions, valued at around $49 million, with an opening price of $66.02 and a stop-loss price of $70.78, resulting in an unrealized loss of about $3.3 million. This address holds a total of 5 positions, with a total position value of approximately $126.8 million and a cumulative realized profit of about $4.39 million.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.