According to @CoinMarketCap, an unidentified trader on Hyperliquid generated roughly $3.1M in profits within about nine hours via two 20x leveraged short positions against BTC and XRP. Source: CoinMarketCap. This confirms BTC and XRP experienced intraday declines during the period sufficient for 20x shorts to realize large gains, underscoring notable high-leverage activity in those perp markets. Source: CoinMarketCap.