Whale Shorts 1.11M CASHCAT on Hyperliquid Within 1 Hour of Listing, Down $4,400

HYPE-2.32%
According to Onchain Lens, on July 11, a whale deposited approximately $450,000 to Hyperliquid and opened a 3x leveraged short position of 1.11 million CASHCAT (worth $222,200) within one hour of the token's Hyperliquid listing. The whale established the position at an entry price of $0.195336 per token, with a current unrealized loss of $4,400.
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