LIT prices hit a new high, with a major player on Hyperliquid losing over $10 million in empty orders

With LIT breaking through $5.2 and continuing to reach new highs, a 3-fold leverage short position loss of $10.028 million was incurred by a major player on Hyperliquid. The address holds 2.528 million LIT short positions, with an overall position loss of approximately $10.098 million and an investment return rate of approximately -158%.