Two Whale Addresses Short CHIP, Resulting in a Combined Loss of Nearly $3 Million

BlockBeats News, April 23rd, according to Onchain Lens monitoring, Whale '0x5C2' opened a 3x short position on CHIP in the past 24 hours, currently facing a floating loss of over $1.7 million.

Another whale '0x0ee' deposited $1.9 million USDC into Hyperliquid and made its initial trade on CHIP, earning $323,000 in a long position, then being partially liquidated during a short position, ultimately closing the position with a loss of over $1.26 million.