Wallet Duo Exits Market With $6.99M Loss on HYPE Shorts

Two wallets, believed to be controlled by the same entity, have fully exited their short positions on Hyperliquid (HYPE), realizing losses exceeding $6.99 million.

After closing the positions, the wallets withdrew their remaining balance in USD Coin (USDC). The funds were then transferred to Coinbase, bringing the trading activity to a complete close.

Source: Onchain Lens