A whale short of rumors surrounding Binance's financial difficulties (FUD) to short the stock, and is now the largest short seller of BNB on the Hyper...
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TL;DR
A whale on Hyperliquid holds $3.7M in short BNB positions, profiting $310K from FUD rumors against Binance. It transferred funds from Binance to open a 5x leveraged short, becoming the largest BNB short seller on the platform.
Tags
BNBCentralized Exchange (CEX) TokenLayer 1SEC Security TokenHyperliquidLiquiwhaleshort sellingFUD
According to Mars Finance, HyperInsight monitoring shows that a whale on Hyperliquid, starting with 0xf2e, currently holds approximately $3.7 million in short BNB positions, with an average price of $753, a floating profit of approximately $310,000 (+42%), and a liquidation price of $902. This makes it the largest short seller of BNB on the platform. On February 2nd, amidst rumors of FUD (Fear, Uncertainty, and Debt) against Binance, this address transferred approximately $1.12 million from its Binance wallet to the Hyperliquid platform. It subsequently opened a short position with 5x leverage, marking its first trade on the platform.