A whale deposited 2 million USDC into HyperLiquid and increased its short position in S&P 500, incurring a paper loss of $2.19 million.

CoinFeed reported on May 14th that, according to Onchain Lens monitoring, a whale deposited 2 million USDC into HyperLiquid and increased its short position in S&P 500 by 7x, worth $37.67 million. Currently, the whale is experiencing a paper loss of over $2.19 million, with a liquidation price of $8,104.85.