Amid reports of the Drift hack on April 3, trading activity on Jupiter surged, leading to a 3.1% increase in the price of JUP, which briefly exceeded $0.16. The heightened volume is attributed to funds potentially exiting through Jupiter following the hack. During this period, a significant transaction occurred on Hyperliquid, where a whale address 0x8b0… closed a $1.22 million short position. This move resulted in a loss of approximately $33,700, with the average closing price recorded at $0.1625.