According to Odaily, citing monitoring by Onchain Lens, whale address 0x97f has fully closed a 50x leveraged short position tied to the S&P 500 ($SP500) on HyperLiquid. The data shows that the position generated more than $1,565,000 in final profit.
The trade was a high-leverage short position in the S&P 500 market. A 50x leveraged position makes profit and loss more sensitive to movements in the underlying instrument, while a short position reflects a directional bet on downside price movement. With the full closure now completed, the leveraged $SP500 trade on HyperLiquid has been settled.
Based on the available information, the closing of the position also marks the end of address 0x97f’s high-leverage bet in the S&P 500 market. The Onchain Lens monitoring update identified the key details of the transaction, including the wallet address, the trading venue, the S&P 500-linked asset, the 50x leverage level, the short direction, and the realized profit of more than $1.565 million.