Drift theft may have forced funds to flow through Jupiter, prompting a major on-chain whale to stop-loss its $1.22 million short position in JUP.

CoinFeed reported on April 3rd that, according to HyperInsight monitoring, due to the ongoing news of the Drift hack and Jupiter's official statement that "the platform was not affected by this incident," some funds may have fled through Jupiter, causing a short-term surge in trading volume that pushed JUP up by 3.1%, briefly exceeding $0.16. During this period, a large whale on Hyperliquid, starting with 0x8b0, completely stopped out its short positions on JUP within half an hour, recording a loss of approximately $33,700, with an average closing price of $0.1625. This was the largest short whale on the platform, with a previous position size of $1.22 million.