Trader Opens 50x Short on SP500 for $1.956M on Hyperliquid in Past Hour

HYPE-8.74%
According to Hyperinsight, a trader on Hyperliquid opened a large short position on the SP500 index in the past hour. The address deployed full 50x leverage, establishing a short position worth approximately $1.956 million at an average entry price of around $7,454.50.
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