An address deposited 4.35 million USDC to Hyperliquid in the past two hours, becoming the largest LIT short, opening million-dollar short positions betting on a price drop.

PANews, December 30 – According to @ai_9684xtpa, address 0x540…3F802 has become the largest LIT contract short position holder on the Hyperliquid platform. In the past two hours, this address deposited 4.35 million USDC as margin and opened a 1x leveraged short position of 1.11 million LIT at an average price of $2.74. Currently, this position is incurring an unrealized loss of approximately $25,000.