Whale Shorting SOL: $1.7 Million Leverage Spikes Market Volatility

A substantial short position of $1.7 million USDC on Solana’s HyperLiquid platform has sparked significant market volatility concerns. This action, which involved a notional exposure of $34 million, marks a potential shift in sentiment for the SOL ecosystem. While the identity behind the whale remains undisclosed, similar activities observed recently highlight a bearish trend among whales.