A Whale Shorts Hyperliquid Ecosystem Meme Coin PURR, Suffering $570,000 Unrealized Loss

BlockBeats News, May 22, according to Hyperinsight monitoring, driven by the HYPE's all-time high breakout, the Hyperliquid ecosystem meme coin PURR surged 18% today, now trading at $0.1307, but still down about 80% from its ATH. The daily trading volume of PURR on the Hyperliquid platform exceeded $10 million, with a total value locked of $9.7 million.

A bearish whale, who had turned profits into losses during the past week's rebound, further increased their unrealized losses today to $570,000, with a total fund withdrawal of over $1 million during the week, representing a 160% loss of the initial investment.

The address is currently short 12.695 million PURR with 3x leverage, with a position value of around $1.66 million, an average entry price of $0.0854, and a liquidation price of $0.3055.

Address: 0x6859da14835424957a1e6b397d8026b1d9ff7e1e