Hyperliquid Whale Bets $17 Million Against SOL and XRP: Short Positions Increase

A significant Hyperliquid (HYPE) whale, identified as @qwatio, has made a substantial move by adding $17.07 million in short positions on Solana (SOL) and XRP. On-chain analyst ai_9684xtpa highlighted the whale's 20x leveraged positions: 44,444 SOL (entry price $164.18) and 3,333,333 XRP (entry price $2.93). This "insider whale," as some call @qwatio, now holds short positions across four trading pairs. Currently, the address boasts $6.01 million in unrealized profits. Interestingly, @qwatio was previously known for trading around the Trump token in March. Despite the current unrealized gains, the whale experienced a significant loss of $25.84 million last month, highlighting the volatile nature of cryptocurrency trading, even for high-net-worth individuals. The market is watching closely to see if these short positions on SOL and XRP will prove profitable. ```