A whale has transferred 8.826 million USDC to Hyperliquid to short HYPE

BlockBeats News, May 15th, according to on-chain analyst Yu Jin's monitoring, after news of CME and NYSE jointly pushing US regulators to strengthen regulatory scrutiny on Hyperliquid, HYPE retraced 4% from $45 to $43.

Polymarket user with the username "asssdfc" transferred 8.826 million USDC to Hyperliquid for a HYPE short position 20 minutes ago as the news spread. Currently, he has opened a $7 million HYPE short position at an entry price of $43.1. Furthermore, he is still actively adding to his HYPE short position.