Hyperliquid Whale Loses $30M in 30 Days on $124.59M Short Position
A Hyperliquid whale has been bleeding $30M in 30 days on a heavily concentrated short book worth $124.59M, according to OnchainLens data.
The wallet address 0xdd53C5297309130ab5fe5623DC905752E3342b13 holds the notional short position and has recorded a net PnL of -$30.04 million across its perpetual short positions over the past 30 days.
A partial close of a Zcash (ZEC) short position was executed, booking a realized loss of $3.41 million on that leg alone, but the remaining open short book carries an unrealized drawdown of $24.10 million at the time of reporting.
The trader deposited 9 million USDC in the last 24 hours, increasing margin rather than closing the losing position, indicating a high-conviction directional bet that has not yet resolved in their favor.