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Hyperliquid’s Top LIT Short Grows to ~200 Million LIT; Trader’s Year-to-Date Profit Reaches $82.2M

According to monitoring on Dec. 31, the top LIT short on Hyperliquid expanded to ~200 million LIT ($5.62M), cut the average entry from $2.82 to $2.77, and is also the largest short in UNI and ASTER.

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Summary

On Dec. 31, monitoring indicated the top LIT short trader on Hyperliquid increased the position to about 200 million LIT (valued at $5.62M), lowering the average entry from $2.82 to $2.77. The trader is also the largest short in UNI and ASTER, holds total positions of $31.46M, and has accrued $82.2M profit this year.

Terms & Concepts
  • Short position: A trade that seeks to profit from a price decline by selling borrowed assets and buying them back later at a lower price.
  • Hyperliquid: A cryptocurrency trading platform where users take long or short positions on digital assets.
  • UNI: The governance token of Uniswap, a decentralized exchange protocol.