A whale deposited $3 million USDC into Hyperliquid and opened a 10x leveraged HYPE short position

Onchain Lens reported on March 21 that a whale deposited 3 million USDC into Hyperliquid to open a 10x leveraged HYPE short position. The current position holds 226,310 HYPE, with a value of approximately $9 million. The whale previously shorted HYPE, holding the position for up to 48 days, but ultimately closed the position with a loss of nearly $200,000.