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Meta Surges 9.14% in Pre-Market, Whale Forced to Close $3M Short Position with $60K Loss

2026-07-02 09:01:55

META0.11%

According to Hyperinsight monitoring, Meta's META token jumped 9.14% on July 2, with pre-market trading pushing the price to $614.8. Following the news about Meta's AI cloud venture with 600,000 H100 GPU equivalent computing power, three on-chain whales were forced into floating losses on their short positions.

One whale address (0x8541) liquidated its entire short position in the past half hour as the price continued rising. The whale had opened a $2.99 million short at $601 and closed at $614, recording a loss of approximately $60,000.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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