Crypto Whale Doubles Down on Short Positions with $25 Million Bet on Hyperliquid

A major crypto whale has recently taken a significant risk in the volatile market by depositing an additional $5 million USDC to the decentralized exchange Hyperliquid. This brings their total commitment to shorting Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) to a hefty $25 million, leveraged 5x for amplified returns and risks. While this action marks another step in their aggressive short strategy, it’s currently experiencing losses exceeding $700,000 as the market moves against them.