Top Hyperliquid LIT Short Position Faces Over $10 Million in Unrealized Losses

On-chain data indicates that the largest short position on Hyperliquid for LIT is facing unrealized losses exceeding $10.11 million as the token price surpassed $5.30. The whale continues to hold 2.528 million LIT with 3x leverage, alongside additional short positions in AVAX, ETH, SOL, and HYPE, bringing the total portfolio loss to approximately 139.6%.