A whale short 300,000 HYPE contracts on Hyperliquid with 10x leverage, with a position valued at approximately $13.2 million.

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PANews
05-15
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PANews reported on May 15 that, according to on-chain analyst Ai Yi, address 0x519…96a47 has short 300,000 HYPE tokens on Hyperliquid with 10x leverage, with a position value of approximately $13.2 million. The average opening price was $43.398, and the current unrealized loss is approximately $187,000.

According to reports, the address deposited 8.825 million USDC into Hyperliquid approximately one and a half hours ago as margin, theoretically allowing it to continue expanding its position. Ai also stated that the address has historically accumulated profits of approximately $5.965 million.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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