$30 Million Deposited into HyperCore, New Wallet Closes Most of $3.8 Million Short Position, Netting $197,800 Profit

Odaily News According to HyperliquidNews monitoring, a new wallet previously held a short position of $3.8 million in solana:5u8PrRBuWvVLEJrjNRNSinhH3Rsxmtx1hjUynTZPpump. The position has now been reduced to 44,168 solana:5u8PrRBuWvVLEJrjNRNSinhH3Rsxmtx1hjUynTZPpump, valued at approximately $300,000. By closing most of the trade, the wallet realized a profit of $197,800. Its current largest position is a long position worth $3.25 million, carrying an unrealized loss of $123,000. The wallet's first on-chain transaction date was June 5th. It has deposited $30 million into HyperCore and has placed multiple buy orders below the current price to accumulate more solana:5u8PrRBuWvVLEJrjNRNSinhH3Rsxmtx1hjUynTZPpump.