Large TON Sell Order Detected on Hyperliquid

A significant sell order for TON has been placed on Hyperliquid, according to BlockBeats On-chain Detection. The address involved plans to sell within the $2.071 to $2.22 range, with a pre-opening scale of $17.79 million. If fully executed, this address will become the largest short position holder for TON on the platform. Currently, TON is trading at $1.995 on Hyperliquid contracts. On June 1, it experienced a brief surge of 17.5%, reaching a high of $2.28, but has since declined approximately 12% from that peak. The address associated with this activity is 0x4e23288cee4960f9f962195c22948e4bc7ae20c3.