Whale Short Positions on 16 Altcoins on Hyperliquid Generate $3.56 Million in Profit

A large-scale shorting activity by an unidentified whale has been observed on the Hyperliquid exchange, impacting the value of 16 altcoins. The trader executed positions spanning across various coins, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), generating $3.56 million in realized and unrealized profits over a three-day period. Notably, DOGE and XRP shorts contributed significantly to these gains, totaling $2.48 million and $1.4 million respectively.