An address has initiated a 10x leveraged short position on 300,000 HYPE tokens, valued at $13.2 million, with an average entry price of $43.398. The position, currently showing an unrealized loss of $187,000, was opened on Hyperliquid after depositing 8.825 million USDC as margin. Historically, this address has accumulated total profits of $5.965 million, according to on-chain analyst Ai Yi.