The largest short whale on Hyperliquid is currently experiencing a paper loss of $3.4 million.

CoinFeed reported on March 9th that, according to on-chain analyst @ai_9684xtpa, crude oil prices have surged 67.5% since Iran attempted to blockade the Strait of Hormuz. A Hyperliquid user (2 frères 2 fauves) started shorting CL at $78.36 and currently holds 12,717 CL (worth $13.37 million), making it the top-ranked Hyperliquid CL position. The user is currently experiencing a floating loss of $3.4 million, with a liquidation price of $120.76.