A whale has opened a short position of 1,110,677 LIT, becoming the largest LIT short on Hyperliquid

TechFlow news, December 30 — According to on-chain analyst Ai Aunt (@ai_9684xtpa), the address 0x540...3F802 has become the largest short position holder of LIT tokens on the Hyperliquid platform.

Within the past two hours, this address deposited 4.35 million USDC as margin into the platform, opening a 1x leveraged short position of 1,110,677 LIT tokens at an average entry price of $2.74. Currently, the unrealized loss on this short position is approximately $25,000.