A Hyperliquid whale shorted the S&P 500 with 50x leverage, achieving a paper profit of up to $3.6 million.
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A Hyperliquid whale shorted the S&P 500 with 50x leverage, achieving a paper profit of up to $3.6 million.
According to Hyperinsight monitoring, yesterday evening, a whale on the Hyperliquid platform continuously opened and added to a short position on the S&P 500 with 50x leverage. The position was fully established by 9:50 p.m. yesterday, reaching a total of 20,000 contracts—approximately $147 million—with an average entry price of $7,428. At the time of the final addition, the S&P 500 was still trading around $7,466, meaning the position was nearly fully built near the peak.
Navigating Web3 tides with focused insightsTechFlow News, June 10: According to Hyperinsight monitoring data, yesterday evening, a whale on the Hyperliquid platform continuously opened and added to short positions on the S&P 500 with 50x leverage. The position was fully established by 9:50 PM local time, reaching a total size of 20,000 contracts—approximately $147 million—with an average entry price of $7,428. At the time of the final addition, the S&P 500 was still trading around $7,466, meaning the position was nearly fully built near the intraday high.
Just ten minutes after completing the additions, U.S. equities reversed course and plunged sharply—the S&P 500 fell over 3.1% within two hours. This short position briefly generated unrealized profits of up to $3.6 million. As of press time, the position remains open, with unrealized gains slightly reduced—likely awaiting tonight’s CPI release.
From a news perspective, this sharp decline appears triggered by a confluence of negative catalysts: first, U.S. officials stated they would launch a second round of military strikes against Iran, significantly escalating geopolitical risk; second, a SemiAnalysis research report indicated delays in mass production of related products, dragging down U.S. equities’ “optics” and “electronics” sectors.
Additionally, markets await a critical inflation reading: the U.S. May CPI will be released at 8:30 PM Beijing time tomorrow. Following last week’s stronger-than-expected nonfarm payrolls report, this CPI print will further clarify whether inflation is rebounding—and shape market expectations regarding the Federal Reserve’s interest-rate-cutting path.
