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May 11

FOUND 🐳 HYPE SHORTER: HOW SMARTESTMONEY WENT AFTER ITSELF

SmartestMoney, which promised to support Hyperliquid until its last breath and punish HYPE shorters has opened a short position of 1.875 million HYPE ($46.9 million), claiming it is doing so to profit from basis trading. Moreover, over the past 24 days, it has sold 1.954 million HYPE for $42.12 million with an average exit price of $22.05, but still remains the largest holder with over $150 million in assets spread across the various protocols in the HyperEVM ecosystem. Info dug up by x.com/m...

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