According to TechFlame, on July 21, according to on-chain analyst Onchain Lens (@OnchainLens) monitoring, a whale deposited 5 million USDC into Hyperliquid and opened multiple short positions: 1. Use 20x leverage to short SOL; 2. Use 10x leverage to short DOGE,

FARTCOIN, BONK,

LTC and PEPE;

3. Use 5x leverage

to short PENGU and SPX.

In addition, the whale also holds multiple long positions in another wallet, and currently has surplus of over $24 million.