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A Whale with unrealized gains of 24 million USD has opened multiple hedging short positions.
BlockBeats news, on July 21, according to Onchain Lens monitoring, a certain Whale deposited 5 million USDC into Hyperliquid and opened multiple short positions: 1. shorting SOL with 20x leverage; 2. shorting DOGE, FARTCOIN, BONK, LTC, and PEPE with 10x leverage; 3. shorting PENGU and SPX with 5x leverage. In addition, this Whale holds multiple long positions in another Wallet, with unrealized gains exceeding 24 million USD.