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Hyperliquid whale raises short exposure to $64.9 million, led by SKHX

Hyperliquid whale raises short exposure to $64.9 million, led by SKHX

The wallet identified by prefix 0xebe1 deposited 31.12 million USDC over three days and expanded shorts in SK Hynix, Samsung and BRENTOIL as SKHX swung sharply on July 23.

USDC
HYPE

Fact Check
Every specific figure in the claim is corroborated by the primary Onchain Lens X post (verified via full-archive search) and the PANews secondary report: $31.12M USDC deposited over 3 days, a latest $5.12M transfer, $64.9M total short exposure, and SKHX ($43.93M) plus BRENTOIL ($17.07M) as the leading bearish positions. The only minor discrepancy is that the claim's headline uses '$64.9 million after $31.12 million in USDC deposits,' which the sources fully support. Confidence is high given exact numeric alignment with the originating source.
    Reference: 12
Summary

A whale on Hyperliquid identified by wallet prefix 0xebe1 deposited 31.12 million USDC over the past three days, including a latest 5.12 million transfer, and increased total short exposure to $64.9 million. The bearish book was led by $43.93 million in SK Hynix (SKHX) and $17.07 million in BRENTOIL, with additional shorts in Samsung (SMSN), HIMS and NVDA. Hyperinsight said the trader added a net 6,118.2 SKHX contracts and 12,997.4 SMSN contracts over two days, bringing combined SKHX and SMSN short exposure to about $46.05 million, with about $1.779 million in floating profit at publication.

Terms & Concepts
  • Hyperliquid: A crypto derivatives trading platform.
  • USDC: A dollar-pegged stablecoin.
  • floating profit: Unrealized gain on an open position.