A whale has shorted 1.11 million CASHCAT on Hyperliquid

BlockBeats News, July 11th, according to Onchain Lens monitoring, a whale deposited approximately $450,000 into Hyperliquid and shorted 1.11 million CASHCAT tokens (worth $22.22 thousand) with 3x leverage on CASHCAT within one hour of its listing on Hyperliquid. The whale entered the position at a price of $0.195336 per token, the liquidation price was $0.531304 per token, resulting in an unrealized loss of $4,400.