Intel shares plunge over 25% in pre-market trading as the second-largest short seller on the blockchain increases their short position.

Intel shares plunged over 25% in pre-market trading. The second-largest short seller on the INTC chain added $1.93 million to their short position, bringing their total short position to $7.81 million, with a current unrealized profit of $1.68 million. This whale used 10x leverage, with a liquidation price of $84.33. The initial position was opened on September 4th at $93.08, and they are currently the second-largest short seller of INTC on Hyperliquid.