Hyperliquid platform whale short ETH in 8 hours, losing approximately $4.77 million

According to Lookonchain monitoring, Hyperliquid platform Whale lost approximately $4.77 million by short selling ETH in less than 8 hours, according to Foresight News. He deposited $5.08 million into Hyperliquid for maximum leverage (25 times) short selling of ETH, leaving only about $310000 in assets.