A whale added 10 million USDC to its short position in crude oil on Hyperliquid, and is currently experiencing a floating loss of $778,000.

CoinFeed reported on May 23 that, according to on-chain analyst Ai Yi, address 0x60a…685f6 added 10 million USDC to Hyperliquid at 3 AM, followed by an additional 28,500 BRENTOIL and 1,000 CL. Currently, it holds a total of $15.49 million in short positions in crude oil, making it one of the top 3 positions in Hyperliquid BRENTOIL, but is currently experiencing a floating loss of $778,000 (plus over $600,000 in funding fees).