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CoinWorld News reports that a certain address has increased its short position on TON by 280,222.90 tokens on the HyperLiquid platform, which is approximately $734,398.56 at the current price.
The total holdings of this address amount to $3,248,830.26, with the average price adjusted from $2.20 to $2.23, and the current profit and loss is -$189,581.04, representing a loss of -29.18%.
The current token price is $2.37, and the liquidation price is $7.21.
This address is also short on more than 20 tokens, with a total position of about $20 million, forming a counterparty to the "long basket of altcoins."