A whale has opened a short position of 1,110,677 LIT, becoming the largest LIT short seller on Hyperliquid.

According to Deep Tide TechFlow, on December 30, on-chain analyst Ai Aunt (@ai_9684xtpa) monitored that address 0x540…3F802 has become the largest short position holder of the LIT token on the Hyperliquid platform.

In the past 2 hours, this address deposited 4.35 million USDC as margin on the platform and opened a 1x leveraged short position of 1,110,677 LIT, with an average entry price of $2.74. Currently, this short position has an unrealized loss of about $25,000.