A whale deposited about $450,000 to Hyperliquid and opened a 3x leveraged short position on CASHCAT within one hour of the token’s listing on the platform, according to Onchain Lens. The position covered 1.11 million CASHCAT, with a notional value of about $222,200. Data cited by BlockBeats showed the trade was opened at $0.195336, with a liquidation price of $0.531304. The position was showing an unrealized loss of $4,400 at the time of the update. The move was reported on July 11 and highlights early leveraged activity around the token’s debut on Hyperliquid.
A whale deposited about $450,000 into Hyperliquid and opened a 3x leveraged short on CASHCAT within one hour of the token going live on the platform, according to Onchain Lens.
BlockBeats reported on July 11 that the position covered 1.11 million CASHCAT, worth about $222,200. The entry price was $0.195336, the liquidation price was $0.531304, and the position was showing an unrealized loss of $4,400.
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