Hyperliquid Whale Holds 81% Short Position with $2.7M All-Time Profit as HYPE Falls to $58

HYPE6.89%
ETH2.29%
BTC2.39%
According to Nansen, a Hyperliquid trader registered an 81% short position with a $2.7 million all-time profit on June 11. The wallet's largest holding is a $13.57 million short on HYPE, the exchange's native token, currently showing a $539,000 gain. Additional shorts on ETH and BTC contributed $226,000 and $138,000 respectively to the trader's gains. The bearish positions have profited as HYPE retreated to $58, roughly 28% below its June 2 all-time high of $75.51.
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