An address has become the largest LIT short position holder on Hyperliquid, having opened 1.11 million LIT short contracts.

According to Odaily, on-chain analyst Ai Yi has monitored that in the past 2 hours, a certain address (0x540...3F802) deposited a total of 4.35 million USDC as margin on Hyperliquid, and opened a 1x leveraged short position of 1,110,677 LIT (worth 3.07 million USD), with an average entry price of 2.74 USD. The current unrealized loss is 25,000 USD. This address has become the largest short position holder of LIT on Hyperliquid.