If the value of Trump's share rises to $12.49, Ogle's short sale of $1 million will lead to the liquidation of the stock, and trades will be at a level ranging from $13.20 to $13.49.
Its large volume and significance have caught the attention of many, potentially increasing the risks associated with token $TRUMP .
An expert at @worldlibertyfi named Ogle made a short sale of $1 million worth of tokens $TRUMP on the Hyperliquid platform. Currently, the position is held with 10x leverage and will be liquidated if the price of $TRUMP exceeds $12.49.
Records on the blockchain platform indicate that a deposit of $1 million was made by paying USDC through the Arbitrum network. Using the deposited funds, the trader engaged in short sales and sold at prices ranging between $13.20 and $13.49. These trades were completed in the perpetual market HLP:2 available on the Hyperliquid platform.
Overview of activity and position on-chain
The transaction shows a high-frequency and intensive trading pattern. Alongside $TRUMP, the portfolio also engaged with Encrypto Yield, Robinhood, and the Hyperliquid Bridge. The recent deposit of a large amount of USDC indicates that the trader may be looking to return to their usual operations after previously incurring losses.
The dashboard shows many trades at a loss, with each negative outcome ranging between $39 and $46. Despite the losses, the portfolio continues to engage in open trades on various decentralized platforms. Many cryptocurrency experts are paying close attention to this trade due to its size, the token's political ties, and users betting large sums. Anyone can view the transaction details through the HypurrScan explorer.
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