According to BlockBeats, on May 17th, according to Lookonchain monitoring, as the stock market drove the general decline of altcoins, the address that previously invested $2.95 million to open 25 times ETH short positions and 10 times leveraged PEPE, WIF, and OP short positions on HyperLiquid has gained $2.4 million in less than 4 hours. It is worth noting that before this high magnification short selling operation, the address had been dormant for 4 years.