PANews reported on November 26 that, according to Onchain Lens monitoring, a whale deposited 2 million USDC into HyperLiquid to leverage its short position in HYPE by 10x.

The position is currently valued at $2.9 million, holding 84,388 HYPE tokens, and has placed orders in the $34.6 to $35 range to further increase its short position.