According to @EmberCN, a whale recently transferred $1.212 million USDC into Hyperliquid and opened a 20x leveraged short position on 100,000 SOL, valued at $16.6 million. The short entry price was $164.9, with a liquidation threshold at $172.6. As of the latest update, the position is facing an unrealized loss of $182,000. These high-leverage moves on SOL create increased volatility and may influence short-term trading sentiment for Solana and related crypto derivatives (source: Twitter/@EmberCN).

According to Lookonchain, a trader deposited $1.21 million USDC into Hyperliquid and executed a 20x leveraged short position on Solana (SOL) at $164.9, accumulating a position of 97,500 SOL valued at $16 million, with a liquidation price set at $172.96 (source: Lookonchain, Twitter, May 9, 2025). This aggressive short highlights significant bearish sentiment on SOL, and the large size and high leverage increase the risk of rapid liquidations if SOL's price rallies. Crypto traders should monitor SOL price volatility and liquidity on Hyperliquid, as a potential short squeeze could cause sudden upward price movement and impact broader market sentiment.