A whale deposited 1.8 million USDC into Hyperliquid to leverage a short HYPE position against unrealized losses.

BlockBeats News, May 8th, according to Spot On Chain monitoring, a whale has just deposited 1.8 million USDC into Hyperliquid, adding to its losing HYPE short position.

Over the past week, this whale has already put in $10.36 million into a 5x leveraged short position on HYPE, facing a $1.24 million unrealized loss.

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