TechFlow News: On May 22, according to HyperInsight monitoring, PURR—a meme coin in the Hyperliquid ecosystem—surged 18% today, driven by HYPE’s all-time high breakout. PURR is currently trading at $0.1307, still down approximately 80% from its all-time high. PURR’s 24-hour trading volume on the Hyperliquid platform exceeded $10 million, with open interest reaching $9.7 million.
A large short-position whale turned from profit to loss during last week’s rebound and saw its unrealized loss widen further today to $570,000; cumulative fund drawdown for the week exceeded $1 million, representing a 160% loss of its initial position capital.
The address currently holds a 3x-leveraged short position of 12.695 million PURR tokens, with a position value of approximately $1.66 million. Its average entry price is $0.0854, and its liquidation price is $0.3055.
Address: 0x6859da14835424957a1e6b397d8026b1d9ff7e1e
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