LIT Short Seller on Hyperliquid Faces $10.03 Million Unrealized Loss as Token Hits New High

As LIT broke above $5.2 and set another record high, one address on Hyperliquid became the token’s largest short seller. According to Odaily, the address’s 3x leveraged short position had an unrealized loss of $10.028 million, with 2.528 million LIT still held short and total unrealized losses of about $10.098 million, for a return rate of roughly negative 158%.