A whale shorted HYPE with 3x leverage on Hyperliquid and simultaneously bought spot HYPE.

3hours ago

According to Onchain Lens, a whale deposited $4 million in USDC into Hyperliquid a month later and shorted HYPE with 3x leverage. The whale also placed a TWAP order in the spot market to buy HYPE for $2.5 million.

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