The "fake short seller" LIT has a short position exceeding $10 million, currently the largest short seller of LIT on the blockchain.
TL;DR
A whale known as the 'lion short seller' holds over $10 million in LIT short positions, making it the largest short seller on Hyperliquid. The address also shorts multiple other tokens, many profitably, while earning funding fees.
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[“LIT Short Position Exceeds $10 Million, Now the Largest Short Seller on the Chain”] According to Mars Finance, on January 2nd, Coinbob's hot address monitoring showed that a whale, dubbed the “lion short seller,” continued to increase its short position in Lighter (LIT) today, currently holding 38,131,960,000 LIT (approximately $10.17 million), with an average price of about $2.7 and a liquidation price around $5. This makes it the largest short seller of LIT on Hyperliquid. In addition, this address also holds short positions in more than ten other tokens, including HYPE, ASTER, UNI, and ETH, most of which are profitable, while also earning funding fee income.