A whale shorted 1.11 million CASHCAT within one hour of its listing on Hyperliquid, with an unrealized loss of $4,400

CoinFeed July 11 news, according to Onchain Lens monitoring, a whale deposited approximately $450,000 into Hyperliquid, and within one hour of CASHCAT's listing on Hyperliquid, shorted 1.11 million CASHCAT (worth $222,200) with 3x leverage, at an opening price of $0.195336, liquidation price of $0.531304, with an unrealized loss of $4,400.